Performance was driven by strong Lower 48 execution and high-quality inventory, achieving 4% year-over-year underlying growth in the region. Management attributes financial strength to an unhedged position in oil and LNG, capturing significant price upside as global markets tighten. The company is maintaining a 'steady-state' operational approach in the Permian to preserve efficiency gains and avoid 'frac gaps' between drilling and completion teams. Strategic positioning is focused on being 'resourc ...