1、ANNUAL REPORT1 For a reconciliation to the most comparable GAAP financial measure of operating cash flow,see the inside back cover.2 Barrels of oil equivalent.3 Our Total Recordable Injury Rate(TRIR)per 200,000 employee work hours for the year ended December 31,2024.Generated$4.9 B of free cash flow
2、 before working capital1 Completed the acquisition of CrownRock,L.P.Closed$1.7 B of divestitures Completed near-term commitment of$4.5 B of debt repayments Increased quarterly dividend by 22%Achieved record annual U.S.oil production Reduced full-year domestic operational expenditures per BOE2 by 9%c
3、ompared to 2023 Increased proved reserves by 600 million BOE to 4.6 billion BOE Completed construction of STRATOS Trains 1 and 2(the capture units)Generated OxyChem reported income of$1.1 B and met Battleground modernization and expansion project milestones Achieved best employee safety performance
4、ever with 0.16 TRIR3,tying our previous record from 2020,with higher activity levels in 2024 Sustained zero routine flaring in our U.S.oil and gas operations Reduced routine flaring in global oil and gas operations by 80%compared to our 2020 baseline through additional gas compression and a rich gas
5、 injection project in Oman Received 47 awards from the American Chemistry Council for OxyChems 2024 safety and environmental performanceABOUT USFINANCIALOPERATIONALHEALTH,SAFETY&ENVIRONMENTALOxy is an international energy company with premier diversified assets primarily located in the United States
6、,the Middle East and North Africa and distinguished operational capabilities that create a runway for sustainable shareholder value accretion.Oxy is one of the largest oil and gas producers in the U.S.,where it is a leading producer in the Permian and DJ basins,and offshore Gulf of America,and it is