Sees $2.5B oil and gas cost savings in 2026 vs. 2023. Says efficiencies and optimized allocation have reduced the 2026 capital plan by about $550M vs. 2025. The company’s plan targets a more than $1.2B free cash flow improvement in 2026. Says aiming to deliver additional $0.5B in sustainable cost savings in 2026. Sees FY26 net CapEx $5.5B-$5.9B, with interest expense about $810M and an effective tax rate of 30%-33%. Comments taken from investor presentation slides.
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