Coterra Energy Inc.: These Are The 6 Major Growth Drivers & 3 Biggest Challenges For The Company!

Coterra Energy displayed excellent financial results, exceeding oil, natural gas, and BOE (barrels of oil equivalent) guidance for Q4 with below capital guide. Oil volumes demonstrated year-over-year growth of 10%, while the company declared a 5% growth for the BOE. The company’s capital is expected to vary between $1.75 billion to $1.95 billion for 2024, investing approximately 60% of projected cash flow. In terms of geographic investment, focus will be placed on boosting investment in the Permian and Anadarko basins while retrenching in the Marcellus.