Whiting Petroleum completed its merger with Oasis Petroleum, a hydrocarbon exploration and production company. Whiting shareholders received 0.5774 shares of Oasis and $6.25 for each of their securities. They now own 53% of the combined company, which is named Chord Energy and ticker CHRD.

Whiting Petroleum's GAAP loss for 3 months of 2022 was $37.429 million, compared to a profit of $292.179 million in the previous year. Revenue rose 11.3% to $526.856 million from $473.408 million a year earlier.

The Whiting Petroleum Corp. Board of Directors announced a quarterly dividend of $0.25 per share. The last day to buy securities to receive the dividend is May 18, 2022. The annual dividend yield may reach 0.68%.

Whiting Petroleum has entered into a merger agreement with Oasis Petroleum, which is engaged in exploration and production of hydrocarbons. Whiting shareholders will receive 0.5774 shares of Oasis and $6.25 for each of their securities. After the merger, they will own about 53% of the combined company, which will have a total value of about $6 billion. The d...