Civitas Resources, Inc. Declares Quarterly Cash Dividend

DENVER--(BUSINESS WIRE)-- Civitas Resources, Inc. (NYSE: CIVI) ("Civitas" or the "Company"), today announced that its Board of Directors approved a quarterly dividend of $1.52 per share, payable on September 26, 2024 to shareholders of record as of September 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.02 per share. Additional details regarding the calculation of the variable dividend can be found in the Company's latest investor presentation located on its website.

About Civitas

Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in Colorado and the Permian Basin in Texas and New Mexico. Civitas' proven business model to maximize shareholder returns is focused on four key strategic pillars: generating significant free cash flow, maintaining a premier balance sheet, returning capital to shareholders, and demonstrating ESG leadership. For more information about Civitas, please visit www.civitasresources.com.

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Civitas Contacts

Investor Relations:

Brad Whitmarsh, 832.736.8909, [email protected]

Mae Herrington, 832.913.5444, [email protected]

Media:

Rich Coolidge, [email protected]

Source: Civitas Resources, Inc.

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