Management attributes the company's resilience to a decade-long portfolio transformation that concentrated 83% of production in the United States to mitigate global volatility. The strategy is grounded in subsurface technical excellence, which management claims delivered new well performance at least 10% better than the industry average across all operating basins in 2025. Performance outperformance in Q1 was driven by high uptime, specifically a record 98% topside uptime in the Gulf of Mexico, and st ...