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Independent Oil Gas

WPX Energy (WPX) is a public independent oil and natural gas exploration and production company based in the United States. The company is focused on developing and producing liquids-rich unconventional reserves in the Permian Basin in Texas and New Mexico, and the Williston Basin in North Dakota.

In terms of financial performance, WPX Energy has reported mixed results in recent years. The company had a strong year in 2022, with revenue of $3.2 billion and net income of $1.1 billion, compared to a loss of $1.5 billion in 2021. However, it's important to note that the company's financial performance can be volatile due to fluctuations in commodity prices and production levels.

WPX Energy's growth strategy is centered on developing its liquids-rich unconventional assets, with a focus on the Permian and Williston basins. The company has reported solid production growth in recent years, with total production increasing from 164.5 billion cubic feet of natural gas equivalent (Bcfe) in 2019 to 213.3 Bcfe in 2022.

The company has also been active in returning capital to shareholders through share buybacks and dividends. WPX Energy initiated a share repurchase program in 2021, under which it has repurchased $200 million in shares, and also pays a quarterly dividend.

In conclusion, WPX Energy is a solid player in the U.S. oil and gas industry with a strong focus on developing its liquids-rich unconventional assets. While the company's financial performance can be volatile, it has reported strong production growth and a commitment to returning capital to shareholders, which could make it an attractive investment for those willing to take on some risk.