“Looking longer term, we remain on track to grow low-cost production and meet our 2027 plan, with more than 90% of our Upstream investments, generating over 10% returns at $35 per barrel.”

In context

“ty by about 250,000 barrels per day in the first quarter of 2023. We also increased production from our high-return assets in the Permian and Guyana. Our production in the Permian Basin reached nearly 560,000 oil equivalent barrels per day, building on our strong growth from last year. We grew our production in Guyana to 360,000 barrels per day during the third quarter, with Liza Phase 1 and 2, both exceeding design capacity. We also had continued exploration success with 2 additional discoveries in the quarter. Earlier this month, first LNG production was achieved from Mozambique's Coral South floating LNG development, contributing new supply amid growing demand for LNG globally. We continue to expect total upstream production of 3.7 million oil equivalent barrels per day for the year. Looking longer term, we remain on track to grow low-cost production and meet our 2027 plan, with more than 90% of our Upstream investments, generating over 10% returns at $35 per barrel. Our ability to increase production while reducing cost, improves our competitive position, benefits consumers and generates capital to fund meaningful investments, demonstrated by one of our recent press releases, announcing that our low carbon solutions business signed its first and the largest of its kind customer contract to capture and store up to 2 million metric tons per year of CO2. This marks an important milestone in developing our newest business. It's also a good example of how we're supporting other companies in reducing their greenhouse gas emissions. We look forward to sharing more about our progress in developing attractive low-carbon solutions business in December as part of our corporate plan discussions. We continue to actively manage our portfolio, announcing the sal”