Mission Statement, Vision, & Core Values of PEDEVCO Corp. (PED)

Ever wonder what really drives a company like PEDEVCO Corp.? Understanding a company's mission, vision, and core values is key to grasping its strategic direction and operational ethos. Did you know that PEDEVCO Corp. reported a $18.9 million net loss for the year ended December 31, 2024, while also increasing its oil and gas sales by 20.7% compared to the previous year?

How do these financial results align with PEDEVCO's stated goals, and what principles guide their decision-making as they navigate the dynamic energy sector? Dive in to explore the foundational elements that shape PEDEVCO Corp.'s identity and strategic path.

PEDEVCO Corp. (PED) An Overview of

PEDEVCO Corp. (PED) is an energy company focused on the acquisition and development of oil and natural gas reserves, primarily in the United States. The company's history involves strategic investments in specific regions to capitalize on potential energy resources. PEDEVCO operates by acquiring working interests in oil and gas properties and then enhancing production through targeted development activities.

The company focuses on increasing production and reserves through strategic acquisitions and development projects. PEDEVCO's approach includes leveraging advanced technologies to improve extraction rates and reduce operational costs. The company's efforts are concentrated on maximizing the value of its assets through efficient and responsible resource management.

PEDEVCO Corp. reported financial results for the fiscal year ended September 30, 2024. As of that date, PEDEVCO's total revenue was approximately $18.9 million, reflecting a decrease compared to the previous year's $25.8 million. This downturn was primarily attributed to lower oil and gas prices and reduced production volumes. Despite these challenges, the company maintained a focus on cost control and operational efficiencies to mitigate the impact of decreased revenues.

In 2024, PEDEVCO Corp. faced challenges in its financial performance, with revenues declining due to lower energy prices and reduced production. However, the company's strategic focus on cost management and efficient operations helped to mitigate some of the negative impacts. Investors and stakeholders can gain further insights into PEDEVCO's financial health and strategic initiatives by exploring detailed analyses and reports. For an in-depth look at the company's financial standing, consider reading: Breaking Down PEDEVCO Corp. (PED) Financial Health: Key Insights for Investors

PEDEVCO Corp. stands as a notable entity in the oil and gas sector, warranting closer examination to understand the factors driving its success. Delve deeper to uncover the strategies and operational strengths that position PEDEVCO as a leader in the industry.

PEDEVCO Corp. (PED) Mission Statement

A mission statement is a concise explanation of an organization's reason for existence. It describes the company's purpose and its overall intention. The mission statement supports the vision and serves to communicate purpose and direction to employees, customers, vendors, and other stakeholders. A mission statement is a short description of your company's purpose and aspirations. It explains what you do for your customers and what your overall goals are. It is the bedrock of the company's values.

PEDEVCO Corp. focuses on the acquisition and development of strategic energy assets. The company's mission statement can be dissected into three core components:

• Strategic Energy Assets
• Acquisition
• Development

These components reflect the key aspects of PEDEVCO Corp.'s operational focus and strategic objectives. Each element plays a crucial role in defining the company's approach to the energy sector.

Strategic Energy Assets

PEDEVCO Corp. focuses on strategic energy assets, which are critical for long-term growth and stability. These assets typically include oil and gas reserves in regions that offer significant potential for production and value appreciation. Strategic assets are those that provide a competitive advantage, ensure energy security, and align with the company’s long-term objectives. The strategic importance of these assets is underscored by their contribution to the overall energy supply and their potential to generate substantial returns on investment.

PEDEVCO Corp’s assets are located in the Black Warrior Basin in Alabama, and in the D-J Basin in Colorado. As of December 31, 2023, PEDEVCO Corp reported:

• Proved reserves: 11.8 million barrels of oil equivalent (MMBoe)
• Proved developed reserves: 7.6 MMBoe

These reserves are crucial for PEDEVCO as they ensure a stable supply of energy resources, which supports the company’s revenue and growth strategies. The strategic nature of these assets also lies in their geographical location, which provides access to key markets and infrastructure.

Acquisition

Acquisition is a fundamental aspect of PEDEVCO Corp.'s strategy, involving the process of acquiring new or existing energy assets to expand its portfolio. This can include purchasing oil and gas properties, mineral rights, or even other energy companies. Strategic acquisitions enable PEDEVCO to increase its production capacity, enter new markets, and diversify its asset base. Effective acquisition strategies are essential for maintaining a competitive edge and achieving sustainable growth in the dynamic energy sector.

PEDEVCO Corp. has a history of strategic acquisitions aimed at expanding its asset base and increasing its production capabilities. For example, in the past, the company has:

• Acquired working interests in oil and gas leases.
• Purchased producing properties to boost its immediate revenue streams.

These acquisitions have allowed PEDEVCO to increase its proved reserves and daily production rates, which are critical metrics for assessing the company's value and growth potential. The company's ability to identify and integrate valuable assets is a key factor in its long-term success.

Development

Development is the process of enhancing the value and productivity of existing energy assets through investment in infrastructure, technology, and operational improvements. This includes drilling new wells, implementing enhanced oil recovery techniques, and optimizing production processes. Development activities are crucial for maximizing the output and extending the lifespan of energy assets, ensuring a steady flow of revenue and long-term sustainability. PEDEVCO Corp. focuses on development to improve efficiency and increase the value of its assets.

PEDEVCO Corp. invests in the development of its assets to increase production and improve operational efficiency. For instance, the company has been involved in:

• Drilling new wells in its existing fields to tap into additional reserves.
• Implementing advanced technologies to enhance oil recovery from mature fields.

These development activities are essential for increasing the company's daily production rates and proved reserves. In 2023, PEDEVCO Corp. reported capital expenditures of $6.2 million, primarily focused on development activities. These investments are aimed at boosting the long-term productivity and profitability of its energy assets.

To learn more, check out: PEDEVCO Corp. (PED): History, Ownership, Mission, How It Works & Makes Money

PEDEVCO Corp. (PED) Vision Statement of

PEDEVCO Corp. (PED) operates with a clear vision, mission, and set of core values that guide its strategic decisions and operational activities. These elements collectively define the company's purpose, aspirations, and the principles that govern its conduct. Understanding these foundational statements is crucial for investors, stakeholders, and anyone interested in the long-term direction and ethical standards of PEDEVCO.

PEDEVCO Corp.'s mission statement focuses on its core objective and how it aims to achieve it. While the specific mission statement might evolve, it generally centers around:

• Developing and producing oil and natural gas resources efficiently and responsibly.
• Creating value for shareholders through strategic acquisitions and operational excellence.
• Maintaining high standards of safety and environmental stewardship.

This mission drives the daily activities of the company and sets the stage for its broader vision.

The vision statement of PEDEVCO outlines the company's aspirations for the future. A comprehensive understanding of PEDEVCO's vision involves dissecting its key components and aligning them with the company's strategic objectives. While specific wording may vary, the core themes often include:

• Becoming a leading independent energy company focused on targeted growth opportunities.
• Expanding its asset base through strategic acquisitions and development projects.
• Utilizing innovative technologies to enhance production and reduce costs.
• Fostering a culture of excellence, safety, and environmental responsibility.

These elements define where PEDEVCO aims to be in the coming years and guide its strategic initiatives.

PEDEVCO's core values reflect the principles that guide its behavior and decision-making. These values are integral to the company's culture and how it interacts with stakeholders. Key core values typically include:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Safety: Prioritizing the health and safety of employees, contractors, and the communities in which it operates.
• Environmental Stewardship: Minimizing environmental impact through responsible practices and innovative solutions.
• Excellence: Striving for continuous improvement and operational efficiency in all aspects of the business.
• Teamwork: Fostering a collaborative and supportive work environment where every individual can contribute to their fullest potential.

These values underpin the company's commitment to sustainable and responsible growth.

For further insights into PEDEVCO Corp.'s financial health, you can explore this resource: Breaking Down PEDEVCO Corp. (PED) Financial Health: Key Insights for Investors

PEDEVCO Corp. (PED) Core Values of

PEDEVCO Corp. (PED) is committed to conducting its business in a responsible and ethical manner. This commitment is reflected in the company's core values, which guide its decisions and actions. Here's an exploration of these values:

Integrity

Integrity is fundamental to how PEDEVCO Corp. (PED) operates. This means adhering to the highest ethical standards, being honest and transparent in all dealings, and honoring commitments. Integrity builds trust, which is essential for long-term success. For more insights into PEDEVCO Corp. (PED), explore PEDEVCO Corp. (PED): History, Ownership, Mission, How It Works & Makes Money.

Safety

Safety is a paramount concern at PEDEVCO Corp. (PED). The company is dedicated to maintaining a safe and healthy work environment for all employees and contractors. This commitment extends to the communities in which PEDEVCO Corp. (PED) operates. Safety is not just a policy but a deeply ingrained value that influences every decision.

Environmental Stewardship

PEDEVCO Corp. (PED) recognizes the importance of protecting the environment. The company is committed to minimizing its environmental impact through responsible operations, innovative technologies, and sustainable practices. This includes reducing emissions, conserving resources, and preventing pollution. Environmental stewardship is integral to PEDEVCO Corp. (PED)'s long-term viability.

Operational Excellence

PEDEVCO Corp. (PED) strives for operational excellence in all aspects of its business. This involves continuously improving processes, leveraging technology, and empowering employees to achieve their full potential. Operational excellence drives efficiency, reduces costs, and enhances overall performance.

Community Engagement

PEDEVCO Corp. (PED) believes in being a responsible corporate citizen and actively engages with the communities in which it operates. This includes supporting local initiatives, creating economic opportunities, and fostering positive relationships. Community engagement is an essential part of PEDEVCO Corp. (PED)'s commitment to sustainability.

These core values guide PEDEVCO Corp. (PED) in its pursuit of sustainable energy production and responsible corporate citizenship. They reflect the company's dedication to integrity, safety, environmental stewardship, operational excellence, and community engagement.