RE:InventoryThey say 10 years and 8.7BLN Barrels in the ground and they will barely touch that the next five years.
Slide 3 of January 2024 Presentation
Slide 15 breaks down reserves
What I like is their hedges in place create a floor right now.
They will reduce more debt in 2024, pay their dividend and buyback cheap shares.
A reasonable balance sheet we will see in 23 days.