Overview
- The company reported record third-quarter net income of $1.34 billion, an 8% increase from a year earlier.
- Year-to-date net income reached $3.99 billion, up 10% versus 2024, despite average oil prices easing to $71 per barrel in the first nine months from $83 in 2024.
- Domestic gas performance led results, with Q3 EBITDA of $914 million up 26% year on year and January–September sales volumes up 4%.
- The board introduced quarterly dividends starting with Q3 2025, including an interim $896 million payment expected on December 12 with entitlement on November 20, ex-dividend on November 21, and record on November 24.
- The dividend policy now targets a 5% annual increase extended through 2030, supported by strong operating cash flow.