The company reported net income for Q4 2023 of $569 million ($4.02 per fully diluted share), adjusted net income of $185 million, adjusted EBITDAX of $635 million and free cash flow of $91 million.

1. 01

   The company reported net income for Q4 2023 of $569 million ($4.02 per fully diluted share), adjusted net income of $185 million, adjusted EBITDAX of $635 million and free cash flow of $91 million.

2. 02

   The company said it reported net cash provided by operating activities of $2.4 billion, net income of $2.4 billion and free cash flow of $551 million for 2023, and returned about $840 million to shareholders, including about $480 million in dividends and about $360 million in share repurchases.

3. 03

   The company said it closed the remaining Eagle Ford divestiture package for $700 million in Q4, and that total proceeds from its Eagle Ford divestitures for the year were greater than $3.5 billion.

4. 04

   The company said it set its capital expenditure guidance for 2024 at $1.25 to $1.35 billion, about 20% below its prior guidance, and that it is making the adjustment through rig count reductions and by deferring completions and turn-in-lines.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.