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v3.23.1

CONSOLIDATED STATEMENT OF INCOME - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
CONSOLIDATED STATEMENT OF INCOME |  |  |
REVENUE | $ 1,049,579,000 | $ 688,543,000 | $ 393,692,000
Commodity risk management contracts (loss) gain | (70,221,000) | (109,191,000) | 8,081,000
Production and operating costs | (359,779,000) | (212,790,000) | (125,072,000)
Geological and geophysical expenses | (10,529,000) | (7,891,000) | (14,951,000)
Administrative expenses | (50,024,000) | (46,828,000) | (50,315,000)
Selling expenses | (7,995,000) | (8,730,000) | (5,844,000)
Depreciation | (96,692,000) | (88,969,000) | (118,073,000)
Write-off of unsuccessful exploration efforts | (25,789,000) | (12,262,000) | (52,652,000)
Impairment loss for non-financial assets, net | 0 | (4,334,000) | (133,864,000)
Other income (expenses) | 527,000 | (11,739,000) | (11,665,000)
OPERATING PROFIT (LOSS) | 429,077,000 | 185,809,000 | (110,663,000)
Financial expenses | (57,073,000) | (64,112,000) | (64,582,000)
Financial income | 3,180,000 | 1,652,000 | 3,166,000
Foreign exchange gain (loss) | 19,725,000 | 5,049,000 | (13,008,000)
PROFIT (LOSS) BEFORE INCOME TAX | 394,909,000 | 128,398,000 | (185,087,000)
Income tax expense | (170,474,000) | (67,271,000) | (47,863,000)
PROFIT (LOSS) FOR THE YEAR | $ 224,435,000 | $ 61,127,000 | $ (232,950,000)
Earnings (Losses) per share (in US$). Basic | $ 3.78 | $ 1.00 | $ (3.84)
Earnings (Losses) per share (in US$). Diluted | $ 3.75 | $ 0.99 | $ (3.84)

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