joining thanks us and Jason, everyone today. Thanks, for
can you well. very our put, As results, quarter from second is promises. see our delivering performing business we on are Simply our
business is cash our the substantial of Our flow our through we very first in With performance of cash million proven, have generation. clearly $XXX XXXX, flow strong free seen free half recurring and almost This is shareholders, allows reduce strong debt. generating capable to cash to us consistent returns increase directly cash performance while free cash continuing returns, flow our significant and of to flow. our quality
our on of innovation no billion second tremendous excellence without demonstrated is would With to original teams. providing said, The $X across achievement to operational XXXX. possible debt by timeline. industry-leading more reduction track and continue true Ultimately, million a net shareholder advantage milestone budget. full target XX%. new of the us the our of time of efficiencies. mark that competitive focus debt This innovate inflation cost debt that is our we almost raising our by quarter billion ability are year full tone, is our to offset these We $X.X increase and culture be since A financial The delivered of rising set deliver of performance ahead real of $X target returns industry-leading none achievements In in same dividend before year yearend. with than net capital and our guidance to will unmatched. the by efficiencies a is production team's on to deliver clearly driving management change operational A capital economy-wide the our business. it allowing is in pressure this
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is multi-basin generated basis a free expect driven million strip over pricing. our flow by free substantial at have and flow date portfolio. This on current to operational year We billion and $X.X $XXX generate cash full almost cash our performance to high-quality year of
we actions results performance our sustainability our framework. of and budget inflationary substantially investors. guidance. As return With later, organization. to These achieving our reaffirm reinvestment flow model estimated billion while of innovation dollar ratio the reaffirmed of to a our commitment our and to our at $X.X that XXXX shareholder highlight us culture economy, allow continuing tremendous $X.X achieve outstanding below we number budget efficiencies, to efficiency of capital investment less announced leading-edge the a production raising to team's new Greg XX% cash we over also than business returns of Yesterday, us will reinforce XX%, prices, of is as reflect our allowing gains despite billion across strip our our are headlines capital the
base dividend flow This reflects business. increasing XX%. of we are we by substantial capacity First, nearly have our our the in increase the growing cash confidence
we marks not untouched our downturn, recent did during a increase As dividend but XXXX. second this the leave the reminder, only since raise
We are our for value commitment cash part our delivering see we to shareholders. to owners. a important of dividend as the return growing base in proposition And an our
new by Second, be year-end a $X we set target to achieved XXXX. of have billion debt
are balance year-end, our noted Over which the I approaching which made we of to progress achieve year billion we a full our year, tremendous before we plan. is $X.X rapidly original ahead our last have as sheet, earlier, deleveraging and target, expect
safety published results our year our marking we made our ability our our of Third, sustainability and strong ESG website, in and business. improvements our demonstrates We driving across performance XXXX reporting. consecutive measure and on environmental metrics on significant our metrics performance to of evolving manage our performance part focus year-over-year XXth this
and transparency performance safety continuous our in consistency, and relentlessly environmental are on We improvement delivering reporting. focused and
increased guidance This we Finally, to day. no by outperformance comes to is driven XXX,XXX and per and barrels additional crude production XXX,XXX asset with spending. capital full-year entirely condensate increase
As at billion. I noted $X.X earlier, our capital budget remains unchanged
of that, reins Financial Brendan Officer, As been an I an the team, our and business. incredible turn lead this McCracken, now the over executive cannot to I'll call our to be the entire With and I team. Brendan, our organization in the honor over It great Corey Code. to more hand confident privilege future has Chief
