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Ryan M. Lance Chairman and Chief Executive Officer

We recognize that stakeholders have high expectations for us, and we are determined to remain a safe and responsible employer, neighbor, partner and operator.

Since the downturn began in 2014, we have taken a number of steps to enhance our safety, health, environmental and social performance, all of which we regard as essential to the sustainability of our ongoing business. This progress was achieved despite the severe downturn in oil and natural gas prices that began in 2014. We recognize that stakeholders have high expectations for us, and we are determined to remain a safe and responsible employer, neighbor, partner and operator. For example, since 2009 we have reduced global greenhouse gas emissions by 6.8 million tonnes of carbon dioxide equivalent when compared to business as usual, keeping our absolute emissions nearly flat. Much of this was achieved in the San Juan Basin in the United States, where we created and implemented a wide range of programs to drive operational improvements and emission reductions.

Looking ahead, we believe that governments will continue to act and stakeholders will continue to expect thoughtful attention to address climate change concerns. So, we are managing our footprint and engaging constructively with policymakers, communities, investors and other interested stakeholders. We continue to position the company to successfully operate in a world challenged to reduce its emissions. This work entails managing risk, optimizing opportunities, investing in technologies and preparing to respond to evolving government policies in countries around the world.

Across our global activities, we continue to actively engage with stakeholders to develop workable solutions for a range of local and broader societal issues. For example, we work with the world-renowned Smithsonian Institution to advance the conservation and understanding of migratory birds. Through this partnership, we gain a better understanding of the important habitats throughout their migration cycle and how we can take a coordinated approach for more effective conservation. Using advanced tracking technologies, we are involved in a project that charts the journeys of 12 migratory bird species, several of which spend parts of their migration cycle within our areas of operation in Alaska, Alberta and Texas.

We are proud of what we have been able to accomplish as we strive to develop resources responsibly and create lasting value for communities.