Quarterly earnings

• Grew earnings and cash flow from operating activities to $19.7 billion (U.S. GAAP) and $24.4 billion, respectively, as strong volume performance, including record refining volumes¹, rigorous cost control and higher natural gas realizations more than offset lower crude realizations, and weaker industry refining margins
• Achieved best-ever quarterly refining throughput in North America and highest globally since 2008¹
• Delivered strong quarterly oil and gas production, including record Permian production of nearly 560,000 oil-equivalent barrels per day to better serve demand; year-on-year, total production increased 50,000 oil-equivalent barrels per day
• Signed largest-of-its-kind commercial agreement to capture and permanently store up to 2 million metric tons of CO₂ emissions per year
• Declared fourth-quarter dividend of $0.91 per share, an increase of $0.03 per share; paying out $15 billion in aggregate for the year 

For reconciliation of and other information about non-GAAP measures, please refer to the earnings release.

¹Best-ever quarterly refining throughput in North America and highest globally since 2008, both based on current refinery circuit.