Q1 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$5.6B-17.4% YoY

Gross Profit

$4.0B72.2% margin

Operating Income

$2.6B46.1% margin

Net Income

$2.0B36.3% margin

EPS (Diluted)

$3.45

QoQ Revenue Growth

-14.1%

Cash Flow

Operating Cash Flow

$3.3B

Free Cash Flow

$1.6B

Stock-Based Comp.

$34M

Balance Sheet

Total Assets

$41.0B

Total Liabilities

$15.6B

Stockholders' Equity

$25.4B

Cash & Equivalents

$5.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.6B	$6.8B	-17.4%
Gross Profit	$4.0B	$5.4B	-26.1%
Operating Income	$2.6B	$546M	+371.1%
Net Income	$2.0B	$390M	+418.7%

Revenue Segments

Oil and Condensate

$3.2B53%

Natural Gas, Gathering, Transportation, Marketing and Processing

$1.4B23%

Natural Gas, Production

$517M9%

Natural Gas Liquids

$490M8%

Gains (Losses) On Mark-To-Market Commodity Derivative Contracts

$376M6%

Gains (Losses) On Asset Dispositions, Net

$69M1%

Other, Net

$20M0%

Geographic Segments

UNITED STATES

$5.9B98%

TRINIDAD AND TOBAGO

$103M2%