Net income increased to $1.7 billion ($2.25 per share) in 2025 from $1.1 billion ($1.51 per share) in 2024. Net cash provided by operating activities rose to $4.0 billion in 2025 from $2.8 billion in 2024. Total oil equivalent production increased by 38.0 MMBoe to 285.6 MMBoe (782.4 MBoe per day) in 2025. Oil production increased by 18.6 MMBbl to 58.4 MMBbl (160 MBbl per day) in 2025. Natural gas production increased by 61.1 Bcf to 1,085.8 Bcf (2,975 MMcf per day) in 2025. NGL volumes increased by 9.2 MMBbl to 46.2 MMBbl (127 MBbl per day) in 2025. Average realized oil price (including derivatives) was $64.35 per Bbl in 2025, 13% lower than the $74.22 per Bbl price realized in 2024. Average realized natural gas price (including derivatives) was $2.47 per Mcf in 2025, 41% higher than the $1.75 per Mcf price realized in 2024. Total capital expenditures for drilling, completion, and other fixed assets were $2.3 billion in 2025, compared to $1.8 billion in 2024. Completed two acquisitions in the Delaware Basin (FME and Avant) in January 2025 for total consideration of $3.3 billion in cash and the issuance of 28,190,682 shares of common stock valued at $785 million. Repurchased 6 million shares of common stock for $140 million in 2025. Increased quarterly dividend from $0.21 per share to $0.22 per share in February 2025. Proved reserves increased by 13% to 2,565 MMBoe at year-end 2025, with 167 MMBoe added from acquisitions and 251 MMBoe from extensions and discoveries.