Key findings for third-quarter 2024 (3Q24)

• The energy companies increased petroleum liquids production and decreased natural gas production compared with 3Q23.
• Cash from operations decreased in real terms by 1% from 3Q23 because of lower prices.
• The companies spent 2% more in real terms on investing and financing activities in 3Q24 than in 3Q23. Increases in debt helped supplement lower cash from operations.
• Distributions to shareholders via dividends and share repurchases as a share of cash from operations continue to be above pre-pandemic levels.