and you call. good everyone. our to for today and for us quarter Jamie, and XXXX Thank fourth Thanks, morning full-year joining results afternoon
full-year do made on delivery our taking strategy. to focus XXXX step normally back the with I We'll inflection year company. of the an As progress for I'll how our by presentation supported of then start the a XXXX has and solid about today's talk that results, important strategy in we've
right dimensions in Turning the this for cleaner The looks to be which slide Kosmos' address and of Kosmos a of balanced a at strategy at with the challenges. part portfolio address solution. energy to world's three the energy affordable, to energy world role the with three, grappling the and is right helping need secure, require has time approach trilemma.
production with barrels cost, yield growing of needs projects high-graded could the oil an today. in generative. highly emphasis supply investing that low an more hubs that on core cash of world We each carbon have supply our in lower are energy oil-weighted We're portfolio that the
These energy in ways. as more we're security into working well to to global domestic markets and address gas of sources natural This time, bring markets, assists into gas same energy two by countries partners our supplying host new in projects Africa. with production. affordability the At increase as our
from critical electricity, economic the each the gas And work load of key help export countries to access can goal LNG promote base second, to domestic in in invested providing in First, of expand development. a revenues supply where the be Africa. we will infrastructure
year, of our Over and portfolio, the transition an production we selective which XX% demand most bring current The gas and next can enabled activities to in the the new Kosmos, current online. deep projects targeting cash decades natural we're support expected for increase come. production reinvestment optimize the from into in help opportunities around meet our planned compelling energy flow as and
biomass The demand energy as energy developed displaces gas plan this gas shifting as meet particularly primary companies our energy demand. the for cleaner continue to portfolio source few a LNG natural we fuel in to are world's to oil, continues of both and meet oil heavy and and in to balance from needs investing Longer-term, E&P emerging grow, and of the Africa economies. to world's natural help coal,
the an and challenges. within portfolio, Kosmos base to believe wealth we important asset our our of has energy of helping quality in the Given global these play opportunities address role differentiated
and thinking we to years. for our to looks past four, has our over history, strategy and the strategy at its Kosmos' come continue five the delivered with counter-cyclical contrarian execution as more last Throughout of being over the in pursued often which has plans. value on has Turning slide years our five Kosmos execute differentiated strategy. to its investors a
high our many come decision As Where of have at planned few acquisitions. low to quality enabling market are has peers growth of are offshore a buyers opportunity more a focus onshore, growth, organic deep pursued stated strategic credible series a which no the part and they our online world with Kosmos moved of This Kosmos projects, publicly value-accretive of or time has expertise. pursuing three advantage the to approach, contrarian energy. industry while an for maintained provided needs when much take deepwater where assets, we
that believe the energy and the invested now the low can to and when with [hubber] peers our (ph), to is companies we've We several the a years. mover commodity over counter-cyclically We're quality are and prices future should underinvesting value the world-class needs the industry continue needs in opportunities well-aligned transitioning LNG unique the a have portfolio for to drive we across gas early with opportunities our transition. outperform. out an of that gas play portfolio, next we of were And among the
company additional any Kosmos base, measure of XXX resource E&P discovered barrels fundamental of this which of barrels is more around valuation reserve XXX at talk I'll equivalent its that, from over around lengthy has to million the slide. oil a XXXX timeframe with next end about beyond XP almost A million tripled potential at oil of equivalent end the of the on of with which runway XXXX,
for oil sustainable reserve a needs company of Turning robust five, gas it slide base and an hydrocarbons. advantage future to a to have
As reserves today, carbon On cost, almost it company. of over terms XX:XX five oil and reserve and future low ratio a our exposure barrels more to quality, to elements diversity, XX-years, near-term reserve to are the lower returns reserves, these a oil in probable size, of mentioned high proven gas, the reflecting basis XP splits breaking the weighted over production on XP proved with towards payback. base demonstrating our our direction short previous in has slide, of the enhanced down last years, the and materially
to energy invest opportunities, with LNG transition. are into our revenues gas and which is aligned oil the strategy world-class Our
the resource The runway value chart on our across over growth XP five base to five of reserves We've and for five expect creation last for over the the base resource over right from future reserve next years materially reserve diversity and our life the countries. discovered highlighting the contingent base, shows come. plus XC years the further the with XX-years grown
Turning characterized on pursuit by is of our for the slide. elements investors, to slide six, which a has created the unique proposition consistent strategy investment this
portfolio that assets assets growth. exposure evens generative near-term longevity, have prices. assets break benefit both gas visible differentiated access offer to to highly they with Our The and low from material these markets, brent us and cash that high-quality are are international and and giving premium of
potential We that to have of the allow upside gas a gas opportunities have price more unique time. capture premium LNG that and to set us transition will over that to
meeting clear our a management have on and We the strategy investors. of the execution of our expectations team focused
with framework. I'll allocation sector-leading on have We ESG finally slide. And also capital continue which a to credentials, focus on we more discipline about talk rigorous next capital the
strategy affordable, ESG to Turning in a responsible in Through we over economic countries. to way building core seven, access our sustainable key help the slide creating host has last The is part years. five expand our host their to of our and been our reliable goal benefits development a nations hydrocarbons credentials drive develop energy. help
to to spectrum deliver say the in ESG continue we I'm progress XXXX. across pleased
both for First, on and of emissions, environment, X target XXXX, operated achieved sooner we we set which Scope a and our XXXX. XXXX in carbon XXXX X Scope neutrality or
and on building with disclose targets progress the We sustainability emissions report. this in equity to this year's are plan
our pipeline with our going a we gas gas of weighting should at gas enhance X in increasing forward. fourth Scope projects, quarter expected Tortue first future the portfolio of are emissions the long We and
about named in both our in with work and to places we care Houston to Kosmos. the stakeholders a sustainable our cities. we top and range Second, and communities In countries, the XXX% on host and who Dallas to work who facilitate social, our in those be countries, working people, partner consistently are trusted local work Kosmos nationals among corporate We offices deeply for host good a citizen of with employ our aim development. in a
and important We living. this manner social worked Each standards the Guinea, people into advancing invests businesses in Kosmos we have help and full businesses and potential. in reach year, was the young XX-years turn success at are startups social of Equatorial economic their to Ghana, The we This for We Senegal, entrepreneurs nearly of empower ideas aimed Mauritania, innovation work investment is to and initiative Ghana, in viable to a gas prime outside going and and them and improving center that programs promising company example. founded. small progress, opportunity, alongside young in Mauritania back creating train the their when Senegal industry. fund oil
executive And and the finally, always board innovation at significant governance. Ghana, our employees. In leadership into Ghana. through and has foundation, partnership our the fund business will experience our with Mastercard Kosmos center starts a Mastercard Governance recently pillar in to of top onto across and down program the with diverse expansion of team directors, a been of the entered a which
government industry-leading petroleum transparency, an online our contracts payments. taken position with along always We have of all all publishing material on
possible Newsweek Most third recently America's the the Similarly, one Responsible and our Kosmos, summary, has that ESG Statista Kosmos by agencies which leading consistent the is and top one been for highest AAA, companies to the rating for sustainability Kosmos one puts in sector. recognized recently us our ESG stakeholders. XX% of of In rating, consecutive of commitment in named ranked MSCI, core companies a value year.
consistent on to ability value our in supports stakeholders. diverse focus deliver we range do Our to responsibly of operating long-term that our all
the future and now how success. in to for would like XXXX look back our I gears, at Switching solid laid delivery it foundation
strong of proud delivery, zero to injury Turning our incident-free operational safety I'm objectives. with report workplace longer-term nine. or a spills. and supporting we year and lost time to incidents was slide no strategic that delivered an now XXXX recordable
with production was growth over Our oil day per in guidance, XX,XXX line of of around representing barrels equivalent XXXX. XX%
development in around XX% is Phase LNG Tortue Our complete. X
Southeast good moving projects Our development are making other Jubilee progress. Winterfell and with forward
Ghana, M&A, ESG most the was record its XX with rating. Last creation previous of slide, as highest just AAA from value progress our recognized payback and by track reached achieved our quarter, full acquisition MSCI recent from in our in months, flagged demonstrating we on
a XX, standout slide of slide, lot record a but There's the data XXXX highlight to Kosmos. year like this important on to was points. I'd Turning for
seen the Liquidity is of five company. both a almost revenue and last reflection leverage almost same half, while over period, of years, growing EBITDAX the the double. financial the net has Over resilience we've doubled
the has shareholder earlier, almost our asset alongside I base. year-end scale and of this underpins enabled of through XXXX the base reserve the XP to our has company mentioned As value. diversification reserve year-end tripled grow XXXX us base of future The from
I'll now about talk the to highlights of the hand year. over to financial Neal
