Management remarks
Call period: 2026 Q2 · 2026-08-06
Guidance: Andrew O'Brien: The third quarter production our guidance range is 2.290 to 2.320 million barrels of oil equivalent per day.Analyst Q&A
Analyst Andrew O'Brien asked: I look very closely at the absolute dividend burden. And having the buyback program is very helpful basically when we are increasing the dividends we have been sort of in that top quartile sort of, you know, 8%-plus type range. When we are buying back 5% of our stock, So on average each year, that is that is basically making it much more viable we can keep doing that without having big impact on the on the burden. Management Ryan Lance answered: And why you did not? Sam it necessarily specifically, Sam, I mean, Andy referred to the share buyback program and maybe some of the criticism we get a little bit is we are pro cyclically buying shares. We do not we do not believe that. When we deliver $7 billion of free cash flow, over the course of the next, you know, 2, 3 years, we believe our share price is got to improve with a doubling of that free cash flow.管理层陈述
电话会期间：2026 Q2 · 2026-08-06
指引：安德鲁·奥布莱恩：我们对第三季度产量的指引区间为每日229.0万至232.0万桶油当量。分析师问答
分析师安德鲁·奥布莱恩提问：他十分关注股息负担情况，公司的股票回购计划非常有帮助；目前公司股息率处于8%以上的行业前四分之一梯队，且每年平均回购5%的股票，这使得在不对股息负担造成重大影响的前提下持续推进相关计划变得更为可行。管理层瑞安·兰斯回应称，外界批评公司顺周期回购股票，但公司并不认同这一批评；他们认为未来2至3年内将实现70亿美元自由现金流，随着自由现金流翻倍，公司股价将会提升。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
