Reports Q4 revenue $14.1B, consensus $10.3B. Total Q4 upstream production was 1 806,900 BOE/d and total downstream throughput 473,500 bbls/d. "In 2022, we further fortified our balance sheet, reducing our net debt by more than half. As a result, we delivered substantial shareholder returns and executed strategic and opportunistic acquisitions and divestitures," said Alex Pourbaix, CEO. "As we restart our wholly-owned Superior Refinery, and complete the Toledo Refinery acquisition, we will substantially increase our pipeline-connected heavy oil refining capacity and generate expanded margins in our U.S. Manufacturing business."
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