12 High Growth Oil Stocks to Buy

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4. Civitas Resources Inc. (NYSE:CIVI)

Revenue growth past 5 years: 65.92%

Civitas Resources Inc. (NYSE:CIVI) is an independent oil and gas producer focused on developing its assets in the Denver-Julesburg (DJ) and Permian Basins.

The company updated its 2025 outlook with a focus on maximizing free cash flow and reducing debt. This is highlighted by a $300 million bolt-on acquisition in the Permian Basin that adds 19,000 net acres and approximately 130 future drilling locations. Concurrently, Civitas Resources Inc. (NYSE:CIVI) announced a 10% workforce reduction aimed at streamlining operations and bolstering its low-cost structure.

Civitas Resources Inc. (NYSE:CIVI) reported $839 million in net income and $3.65 billion in adjusted EBITDAX for full-year 2024. The company generated $2.87 billion in operating cash flow and $1.27 billion in free cash flow, enabling $920 million in shareholder returns through dividends and share buybacks. Production averaged 345,000 barrels of oil equivalent per day, with capital expenditures totaling $1.93 billion.

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