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Accretive to key financial metrics, Return of Capital Framework, and inventory life with locations that immediately compete for capital.Successfully closed Ensign Natural Resources acquisition during fourth quarter, materially increasing Eagle Ford scale.Increased year-end 2022 proved reserves to 1,338 million barrels of oil equivalent (mmboe), an addition of 232 mmboe, or 21%, in comparison to year-end 2021.Reported full year 2022 oil and oil-equivalent production of 169,000 net bopd and 343,000 net boed fourth quarter oil and oil-equivalent production of 166,000 net bopd and 333,000 net boed.Reported full year 2022 adjusted FCF of $3,947 million at 27% reinvestment rate fourth quarter adjusted FCF of $763 million at 31% reinvestment rate.Achieved outstanding full year 2022 and fourth quarter financial and operational results.

Executed $2.8 billion of share repurchases, driving a 15% reduction to outstanding share count, including $280 million during fourth quarter.

Delivered total shareholder returns of $3.0 billion, representing a distribution yield of 17% on current market capitalization, including $338 million during fourth quarter.

Returned 55% of adjusted CFO to shareholders in 2022 (75% of adjusted FCF), significantly exceeding minimum 40% Return of Capital Framework commitment.

Free cash flow was $794 million, and adjusted FCF was $763 million. Net operating cash flow was $1,127 million, and adjusted CFO was $1,104 million. Adjusted net income was $563 million, or $0.88 per diluted share. Marathon Oil reported fourth quarter 2022 net income of $525 million, or $0.82 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results.