Coterra's smart pivot to oil from natural gas leads to an excellent first quarter and sweeter outlook

Coterra Energy topped Wall Street expectations Thursday with first-quarter results that further proved the Club holding's nimble production strategy is the right one for shareholders. Revenue in the three months ended March 31 fell 19% year over year to $1.43 billion, beating the consensus forecast of $1.39 billion, according to analyst estimates compiled by LSEG.

Permian Basin rigs in 2020, when U.S. crude oil production dropped by 3 million a day as Wall Street pressure forced cuts.topped Wall Street expectations Thursday with first-quarter results that further proved the Club holding's nimble production strategy is the right one for shareholders.

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