you, of integration progressing well. everyone. Jeff, Oxy our business morning, and is Thank one Cohesive extremely The good into
of synergy ahead are schedule from capture value We program. $X fully billion to our
repaid approximately best people We the related assets our to leverage results. acquisition, place to have X/X superior the debt have outstanding we in operational and of our deliver to
over As driven to of industry technical century Success first of the a success you was to solving. XXX-year world, forward XXXX our and may Oxy's will Oxy's many marks ability ceaseless attributes, and innovative adapt and anniversary. to next combined our in our quickly same expertise, drive by to know, lead These leadership sustainability low-carbon through defining be problem with XXX our approach unique ensuring years. integral the
product to with intensity, employees drilling and or focus continue delivering our results, thank deleveraging capture the the responsibly whether on maximizing targets. fourth quarter their margins on remarkable plants operating to Before best deliver value-capture who and and I'd on wells efficiently, chemical capital I like excellent progress, value our industry-leading touch work is hard our
continue passion to to with positive results. teams Our lead drive
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to Slide X. Moving
of innovative the The teams sustainable before intend is we forefront us challenge. our industry. energy for at the and our an As opportunity ready and and leader, are energized to be immense,
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metric has in the to as become Leading the us important relevant operator as industry the years ahead. this will been low-cost always progressively
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us enables and with high-return shareholders. flow produce our return barrels, to free ability to decades Our diversified inventory generate to to portfolio high-margin of sustainable our cash
Foremost, our company. in dividend, which the form is the one of defining characteristics of our of
Oxy fronts, boldly on emissions. drive and reducing including must leader, innovative an improvement As sustainable all
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low-carbon executing excel a with through of lense world. reducing future in to our greenhouse an our of plan of unmatched being for a the best-in-class the and portfolio while assets We operator goal emissions strategy
demonstrate our X. quarter a we best-in-class operator. as full quarter combined continued first as moving company, The and fourth Now our to Slide a to was position
board. the across outperformed businesses Our
our our X.X of long-standing We BOE that $XXX capital of combined billion. accomplished This remains commitment from less to production this while of guidance per demonstrates than discipline capital paramount. $X.X operations BOE spending year day million million day. the exceeded by continuing full per XX,XXX midpoint company Our budget
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and the retain needed. are budget closely to the situation adjust if our flexibility We monitoring
We applied $XX We in execute divestitures fourth sales and flow Total our of In $X integral Returning the from $XXX recently to closed our sale billion dividend, of in claim. debt, to through we is of the to shareholders cash consecutive our net record we sector-leading billion XXXnd on This to companies of asset quarter. these approximately million. the part January, the an repay dividend can free our divestiture announced South quarterly philosophy. proceeds our block aggregate close of million outstanding of continue an an and cash of $X.X that few program. proceeds for Africa follows
quarter, grow. $XXX fully we we cash, of returned million amount fourth In an continue the to expect approximately to
to Moving Slide now X.
including value synergies, We have and and operating we closing synergies. of of capital of on and since perform synergies run-rate our capturing target a million outperform expectations million the $X million continue basis, $XXX the synergies. billion Since synergy XX% $XX acquisition of completed overhead to through -- acquisition, $XXX closing
$XXX our enable million fully year will us expect We in overhead cost promised. than to that our a achieve success target synergy XXXX, in originally lowering earlier
Anadarko divestitures million date, $XX.X towards with with cash We in acquisition, billion the the to of progress our acquisition for the the of I net from significant also of $XXX flow debt raised earlier. referenced We the announced repaid free target that since $XX divestitures along taxes have demonstrating totaling achieving proceeds closing billion. XX% closed
second $X close. of of debt transactions remaining balance the billion on by in meet approximately sheet XXXX sight total closing line repaid necessary since Our target. have has our the half clear debt and to XX% of a decreased divestiture We the
our with significant achievements Operationally, to the as our cost accomplish potential as reductions are much more.
now to Moving Slide X.
As an on let's we the what have Anadarko, acreage. at Delaware accomplished example, look Texas legacy
development cost applying advancements Oxy to are are We fewer Delaware recovering we Similar capability by acreage. the with made approach. and on barrels more unique wells per section our and subsurface lowering legacy
Permian showcasing the Already, we a area, Silvertip our operator Basin. a as have record in premier well ability in drilled the
improving best-in-class our market. capital by continuously time We to intensity Permian enhancing are
XX,XXX prior first Silvertip, drilled to five in the this just than our deal, faster We wells XX% the foot start. those is closing drilled and
to improvements more many have We implement.
$X.X well rates toe million at trading Oxy's at by saving design. higher of already utilizing are pressures. pump Atlas per completion much casing the advanced We're the able well with We stages, particularly frac to lower
design completion produces Our faster pump less stimulation, improved significantly times uses water. and
the our the optimized spending by including total oil. when in acquired X% we expertise count, less capital improved more has is practices. recover simply, applying XX% assets are and base best Oxy's greatly management across to well unmatched operability Put and asset
flow downtime on the also Our the acquired has of for value. which seeing improvements other is by acquired Delaware across and downtime efficiency drive acreage. assets, Basin improving many production relentless XX% reduced cash We're further
leaseholders us short with we to significantly diligently activity core are our allowing near-term laterals, wells areas. maximize focusing development value and reduce partners Additionally, on obligation in and to long-term our working by
our As to each update we progress. track the success do, Slide quarter the X of committed shows had to measures we'll
portfolio company the created with across the have We to position ample a allocate efficiently capital sector-leading with from returns. of strength opportunities
significant debt synergies. We in and made have assets, divesting progress reducing capturing
As continue and reduce return strengthen enhance long-term for even our ability balance cash shareholders. sheet value our part shareholders, of creating we to our will more to debt, commitment to our to
and I'll financial guidance. you call Cedric, to now our hand the who through will walk over results
