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The first quarter, we had these very large issuances for our employees and retirees exercising stock options.
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2022 Q2
2 Aug 22
we bought back 2.5 billion shares and issued 0.8.
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2022 Q2
2 Aug 22
I think we’re going to see growth in our Gulf of Mexico production, but it’s going to be important that we continue to be able to lease and acquire additional acreage in that basin
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2022 Q2
2 Aug 22
our company scale, which is already top quartile
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2022 Q2
2 Aug 22
it has some of the lowest carbon intensity in the world. It’s about 6 kilograms of equivalent per barrel produced.
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2022 Q2
2 Aug 22
3% compounded annual growth rate between now and 2026. Add to our refinery capacity.
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2022 Q2
2 Aug 22
So we have $2 billion of room to increase activity and investment within the guidance. And then as Jay just described, our major capital project in Kazakhstan is winding down, it will decrease spending by about $1 billion, and that opens up another $1 billion.
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2022 Q2
2 Aug 22
Our guidance that we shared at our March Investor Day is $15 billion to $17 billion of organic capital investments through 2026.
Our budget this year is around $15 billion.
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2022 Q2
2 Aug 22
we’re largely using infrastructure that was built over the past 5 years with very small incremental surface facilities required.
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2022 Q2
2 Aug 22
the last 800 wells over the last 5 years, to produce those 800 wells, we had to build 40 central tank batteries.
As we look forward, the next 800 wells, we only need to build an additional four central tank batteries.
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2022 Q2
2 Aug 22
We also do multiyear contracts and other mechanisms commercially that allow us to mitigate some of the inflationary pressures that we see today.
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2022 Q2
2 Aug 22
We maintain a global supply chain and we’re able to tap suppliers of both equipment and materials, goods and services over a much broader range than maybe some of our competitors.
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2022 Q2
2 Aug 22
I’m pleased to get that exposure out of the Gulf Coast into both European and potentially Asian markets. It gives us an access for a lot of our produced gas in North America to access those markets rather than just U.S.
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2022 Q2
2 Aug 22
it’s supplying needed LNG into the European market and also gives us exposure to that Atlantic Basin.
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2022 Q2
2 Aug 22
on the LNG in Angola, you’re right. We just took FID in the new gas consortium.
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2022 Q2
2 Aug 22
you guys reached FID on development that will help boost Angola LNG plant volumes.
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2022 Q2
2 Aug 22
Our guidance remains unchanged. We would expect to see about 1.2 million to 1.5 million barrels a day of production
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2022 Q2
2 Aug 22
We have given you guidance of increasing our investment rate up to about $4 billion a year by 2024.
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2022 Q2
2 Aug 22
one of our rigs today drills the equivalent of what two rigs could do in 2018.
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2022 Q2
2 Aug 22
each frac crew today is also completing roughly double the work they were doing back in 2018.
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2022 Q2
2 Aug 22