“we now anticipate to be in a range of $9.2 billion to $9.3 billion, primarily due to increased transportation and processing costs and inflationary pressures in the Lower 48.”

In context

“er of that is our once every 5-year turnaround at Surmont, which will impact production by about 50,000 barrels per day during the quarter. For the full year, we have raised the midpoint of our production outlook, reflecting strong second quarter results. Our new range is 1.93 million to 1.94 million barrels of oil equivalent per day, which implies roughly 3% underlying growth year-over-year. Our full year turnaround forecast continues to be about 30,000 barrels per day. On income statement guidance items, we have lowered our DD&A guidance to a range of $9.3 billion to $9.4 billion and we have lowered our annual after-tax adjusted corporate segment net loss to a range of $800 million to $900 million. These decreases were partially offset by higher forecasted adjusted operating costs which we now anticipate to be in a range of $9.2 billion to $9.3 billion, primarily due to increased transportation and processing costs and inflationary pressures in the Lower 48. For CapEx, we expect to spend approximately $11.5 billion. Now this reflects strong progress on our Willow scope for the year as well as some additional capital allocated to Lower 48 partner operate activity that has highly competitive returns. On cash flow, we are increasing full year guidance for APLNG distributions by $100 million to $1.4 billion, and we expect $400 million of these distributions in the third quarter. Additionally, we’re going to have a $100 million pension contribution in the third quarter. Finally, regarding working capital. We anticipate a $500 million outflow based on the tax payment shift I mentioned from the second quarter to the third quarter. And as a reminder, guidance excludes the impact of pending acquisitions. So in conclusion, we continue to deliver on our”