Five-Year Outlook 2024-2028
2024 GUIDANCE AND COST ASSUMPTIONS
Exploration and development expenditures ($ billions)
Production (boe/d)
Expenses:
Average royalty rate (%) (1)
$1.2-$1.3
150,000 156,000
Operating ($/boe) (2)
Transportation ($/boe) (2)
General and administrative ($ millions) (2)
~23%
$11.25 $12.00
$2.35 - $2.55
$92 ($1.65/boe)
Interest ($ millions) (2)
$190 ($3.40/boe)
Current Income Taxes ($ millions) (2)
$40 ($0.72/boe)
Leasing expenditures ($ millions)
Asset retirement obligations ($ millions)
$12
$30
(1)
(2)
Specified financial measure that does not have any standardized meaning prescribed by IFRS and may not be comparable with the calculation of similar measures presented by other entities. Refer to the
Specified Financial Measures section in this presentation for further information.
Supplementary financial measure calculated as operating, transportation, general and administrative, cash interest expense or current income taxes divided by barrels of oil equivalent production volume for the applicable period.
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