The company said its Q4 2023 earnings were $3.0 billion ($2.52 per share), compared with Q4 2022 earnings of $3.2 billion ($2.61 per share), and full-year earnings were $11.0 billion ($9.06 per share), compared with $18.7 billion ($14.57 per share) in 2022.

1. 01

   The company said its Q4 2023 earnings were $3.0 billion ($2.52 per share), compared with Q4 2022 earnings of $3.2 billion ($2.61 per share), and full-year earnings were $11.0 billion ($9.06 per share), compared with $18.7 billion ($14.57 per share) in 2022.

2. 02

   The company said its full-year average realized price was $58.39 per BOE in 2023, compared with $79.82 per BOE in 2022, a 27% decline, and that full-year production was 1,826 MBOED, an increase of 88 MBOED from 2022.

3. 03

   The company said cash provided by operating activities for 2023 was $20.0 billion, and cash from operations, excluding a $1.4 billion change in working capital, was $21.3 billion. It said it used $5.6 billion for dividends and VROC and $5.4 billion for share repurchases in the same year.

4. 04

   The company announced its 2024 return of capital plan of $9 billion and presented 2024 total capital expenditure guidance of $11.0 billion to $11.5 billion and production guidance of 1.91 to 1.95 MMBOED.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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