Reports Q2 revenue $6.88B, consensus $6.8B. Reported “strong operational performance” that drove operating cash flow of $2.4B and operating cash flow before working capital of $3.0B. Reported capital spending of $1.8B and contributions from noncontrolling interest of $42M, which resulted in quarterly free cash flow before working capital of $1.3B.Reported total company production of 1,258 Mboed, which exceeded the mid-point of guidance by 6 Mboed. “The strength of our operational performance resulted in impressive financial results for the second quarter of 2024,” said CEO Vicki Hollub. “We are excited to continue building on this positive momentum across our deep and diverse asset portfolio with the addition of CrownRock.”
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