Economic & Operational Highlights
In 2019, Vermilion: 102-7, 201-1
- Produced approcimately 37 million boe of oil and gas
- Generated net revenue of approximately $1.7 billion
- Paid close to $202 million in wages and benefits to our employees
- Distributed more than $427 million in dividends to our shareholders
- Paid close to $216 million in taxes and royalties in our operating jurisdictions
- Invested more than $2.4 million in community support
- Devoted more than $55 million to protecting our environment
8.1 Sustain per capita economic growth

We responsibly increased production (15% between 2018 and 2019) using a stable, long-term growth model. We updated our business model and growth targets in 2020 to realign with Vermilion’s long-standing core business principles, which place greater emphasis on balance sheet strength and capital discipline to generate strong returns. These changes have led to an increased focus on free cash flow generation and debt reduction, while supporting our key stakeholders: investors, staff, governments, communities and suppliers.