Where is the production growth coming from?
The 10-K says Upstream production averaged 4.7 million oil-equivalent barrels per day in 2025, the highest in over 40 years, with U.S. net production of 2.1 million. Item 1 and the Upstream MD&A describe the Permian, Guyana developments such as Yellowtail, Uaru, and Whiptail, and LNG projects that are expected to shift the geographic mix.