Oasis Petroleum Inc. Provides Return of Capital Plan, Announces Preliminary 2021 Results, and Issues 2022 Outlook

HOUSTON, Feb. 9, 2022 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") today provided its return of capital plan, announced preliminary 2021 results, and issued its 2022 outlook.  Oasis' return of capital plan remains true to the Company's strategic goals, which include exercising capital discipline and delivering both return on, and of, capital to shareholders. Oasis is committed to returning $280MM of capital to shareholders over the next year ($70MM per quarter) through an increase to the aggregate base dividend from $40MM to $45MM per year, variable dividends, and incremental share repurchases.   

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