48 annotations
share repurchase program with up to $35 billion in cumulative repurchases in 2023 and 2024
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2022 Q4
15 Feb 23
We anticipate 2023 capital and exploration expenses of $23 billion to $25 billion.
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2022 Q4
15 Feb 23
jet continues to lag, but is obviously starting to pick up now as people are starting to travel and obviously, international travel restrictions have reduced, which means people are also starting to travel a bit more internationally.
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2022 Q2
2 Aug 22
Are you seeing any early signs of recessionary demand kicking in or demand destruction
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2022 Q2
2 Aug 22
We have a trajectory as we looked at the plan that we presented at Investor Day and based on that price set to kind of bring our breakevens down farther to $35 a barrel.
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2022 Q2
2 Aug 22
we're also seeing some additional supply that's going to come on in North America.
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2022 Q2
2 Aug 22
when you look at demand recovering from the lows of the pandemic.
One of the laggards has been jet
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2022 Q2
2 Aug 22
earlier this year as prices really spiked up there is a level of discretionary demand, and we saw some of that demand come off with very high prices.
As prices have come back down again, you're seeing some of that recover.
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2022 Q2
2 Aug 22
it's difficult to get a really clear read on what's driving variation demand quarter-on-quarter, month-on-month given some of those logistics challenges that we're seeing inventory withdrawals and builds.
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2022 Q2
2 Aug 22
You will recall back in 2018, we talked about aggressively investing in these opportunities and doing it countercyclically.
While others were pulling back, we were leaning in. And that meant that we spent
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2022 Q2
2 Aug 22
Could you say how far about capacity Liza 1 is producing?
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2022 Q2
2 Aug 22
10% above.
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2022 Q2
2 Aug 22
And so I think this will be a few year price environment, and we'll get back to what I think is a more typical refining industry structure.
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2022 Q2
2 Aug 22
I would expect much lower than what we've experienced here in the second quarter.
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2022 Q2
2 Aug 22
what happens with demand. I would tell you, even at 2019 levels, the market is relatively tight.
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2022 Q2
2 Aug 22
over the next 2 years, probably 1 million barrels a day of capacity, including the 2 50 at our site coming on in the marketplace
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2022 Q2
2 Aug 22
Outside of that, I don't see a whole lot of additional expansions here in the U.S.
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2022 Q2
2 Aug 22
We're pleased that we had justified a fairly large expansion in our Beaumont refinery.
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2022 Q2
2 Aug 22
It's the biggest expansion over a decade in the U.S.
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2022 Q2
2 Aug 22
demand recovers, and we don't have the capacity to meet that, which has led to a record, record-high refining margins.
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2022 Q2
2 Aug 22