Strong Financial Performance
Adjusted earnings were $5.4 billion, and cash flow from operations was $12.2 billion, driven by strong performance across all business segments.
Operational Excellence in Upstream
Brazil and the Gulf of America contributed to the highest quarterly production levels in recent history, with the Whale project reaching nameplate capacity earlier than expected.
LNG and Integrated Gas Success
LNG Canada delivered 13 cargoes from Train 1, and Train 2 is expected to start later this quarter, contributing to strong operational delivery and trading performance.
Portfolio Simplification and Divestments
Divestments include 400 lower-performing retail sites, non-core interest in Colonial Pipeline generating $1 billion, and sell-down of Savion solar projects.
Shareholder Returns
Announced a $3.5 billion share buyback program, marking the 16th consecutive quarter of $3 billion or more in buybacks.