| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 31, 2026 | 10/12 | 1 high, 3 medium, 2 low flags | 5 | 0 | Call sheet → |
| Q1'26 | 2026-05-01 | 11/12 | 3 medium, 3 low flags | 6 | 0 | Call sheet → |
| Q4'25 | January 30, 2026 | 11/12 | 1 medium, 5 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Delivered | More to say on Microsoft power deal next call Announced signed 20-year PPA at 2.67 GW |
| Q2'26 | Delivered | Update on TCO debottlenecking next call Provided specific capacity increase from 260k to 320k bbl/d |
| Q2'26 | Exceeded | Hess synergies of $1B $1.5B realized, 50% above target and 6 months early |
| Q2'26 | Pending | Production growth of 7-10% in 2026 Q2 up 5% QoQ, on track for full year target |
| Q2'26 | Delivered | Capital spending $18-19B for 2026 Tracking to low end at $18B, showing superior capital discipline |
| Q2'26 | Exceeded | Achieve $3B structural cost reduction by year-end 2026 Delivered $3B six months early with 70% from efficiency gains |
| Q1'26 | Delivered | More to say on Microsoft power project next call Provided FID timeline and definitive agreement status |
| Q1'26 | Delivered | Working capital build in first half, release in second half Q1 build occurred as predicted |
| Q1'26 | Exceeded | Structural cost reduction momentum to continue toward $3-4B $2B run-rate achieved vs target, ahead of schedule |
| Q1'26 | Pending | 2026 production growth 7-10% excluding Hess On track with strong Q1 momentum |
| Q1'26 | Delivered | $6B TCO free cash flow unchanged despite Q4 issues Maintained guidance despite Q1 disruptions |
| Q1'26 | Delivered | Majority of plant capacity online within coming week of Jan 30 Production resumed and ramped as promised |
| Q1'26 | Delivered | TCO full field capacity within February following power issue Achieved over 1M BOE/day and testing upside capacity |
| Q4'25 | Pending | TCO performing near original plan Power outage created temporary issue but full-year 2026 guidance unchanged |
| Q4'25 | Delivered | Strong cash generation continuing Adjusted FCF up 35% year-over-year excluding asset sales |
| Q4'25 | Delivered | Hess integration on track with synergy realization Asset performance exceeded expectations, synergies being realized |
| Q4'25 | Exceeded | Structural cost savings program benefits in Q4 Delivered $1.5B vs expectations, $2B run rate achieved |
| Q4'25 | Delivered | Full year production growth at top end of 6-8% guidance range excluding Hess Achieved top end of range through strong execution |
| Q4'25 | Delivered | Full year organic CapEx of $17-17.5 billion inclusive of Hess Came in within guidance range as promised |
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