Katie Greifeld

We've acquired acreage in West Africa where there's been success in Namibia where the largest leaseholder in the Gulf of America today where there's a long history of success and we're one of the largest producers.

And we're also interested in the Mediterranean, where there are some areas that remain underexplored.

So we're exposed to a number of interesting basins around the world.

And I think over the next several years, you'll see increased exploration activity in all of those.

I would say there's a role in guiding the negotiations, but there's certainly been a role in opening the door.

I think we see countries around the world have a renewed interest in doing business with the US.

That's both bringing investment dollars to the US and also opening up their countries to investors from the US.

And I have any number of examples where we have operations around the world and we've seen new opportunities that have developed for our industry and others to invest in both directions.

And so I think the Trump administration has played a critical role in opening doors and creating an environment where people are looking to do these kinds of deals.

Absolutely.

Demand for energy will only grow into the future.

In fact, the International Energy Agency today updated their scenarios, including laying out a scenario based on current policies that shows demand for oil and gas growing to 2050.

Very different than what some of their prior

scenarios have indicated.

We've long held a view that that is more likely than some of these other scenarios.

So the underlying demand is very strong.

Our portfolio was resilient even at a lower oil price.

We can generate strong free cash flow.

We've increased our dividend 38 years in a row.

We've repurchased shares 18 of the last 22 years.