4 unchanged sentences
The following information in this Item 5 of this Annual Report on Form 10-K is not deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or to the liabilities of Section 18 of the Exchange Act, and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent we specifically incorporate it by reference into such a filing.
−Removed: Because we believe the new index is a more appropriate index for comparison, in 2023 we chose to compare our cumulative total stockholder return against the SPDR S&P Oil & Gas Exploration & Production ETF (the “XOP”), instead of the NYSE Arca Oil Index (the “Arca Index”).
−Removed: If a company selects a different index for comparison from that used in the immediately preceding fiscal year, the company’s stock performance must be compared with both the newly-selected index and the index used in the immediately preceding year.
−Removed: The following graph compares the 60-month cumulative total stockholder return on our common stock since December 31, 2018, and the cumulative total returns of the Standard & Poor’s 500 Index, the XOP and the Arca Index for the same period.
+Added: The following graph compares the 60-month cumulative total stockholder return on our common stock since December 31, 2019, and the cumulative total returns of the Standard & Poor’s 500 Index and the SPDR S&P Oil & Gas Exploration & Production ETF for the same period.
This graph tracks the performance of a $100 investment in our common stock and in each index (including reinvestment of all dividends) from December 31, 2019 to December 31, 2024.
5 unchanged sentences
SPDR S&P Oil & Gas Exploration & Production ETF 100.00 63.6 106.04 154.15 159.64 158.04
−Removed: NYSE Arca Oil Index 100.00 119.15 82.22 106.64 150.11 164.57
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
6 unchanged sentences
The dividend was paid on July 30, 2021 to stockholders of record as of the close of business on June 30, 2021.
−Removed: Subsequently, our board of directors declared and paid incrementally higher quarterly cash dividends through the $0.40 per share cash dividend declared on October 30, 2023 and paid on January 31, 2024 to stockholders of record as of the close of business on December 28, 2023.
−Removed: Most recently, on February 5, 2024, our board of directors declared a cash dividend on our common stock in the amount of $0.40 per share, payable on April 30, 2024 to stockholders of record as of the close of business on March 28, 2024.
−Removed: In connection with the announcement of the latest dividend declaration, we affirmed our intention to set our dividend policy once per year, and currently anticipate maintaining a $0.40 per share quarterly dividend throughout 2024.
+Added: Subsequently, our board of directors declared and paid incrementally higher quarterly cash dividends through the $0.42 per share cash dividend declared on August 6, 2024 and paid on October 31, 2024 to stockholders of record as of the close of business on September 27, 2024 and the $0.42 per share cash dividend declared on November 26, 2024 and paid on January 31, 2025 to stockholders of record as of the close of business on December 30, 2024.
+Added: Most recently, on January 28, 2025, our board of directors declared a cash dividend on our common stock in the amount of $0.45 per share, payable on April 30, 2025 to stockholders of record as of the close of business on March 28, 2025.
+Added: We have announced our intention to set our dividend policy once per year, with the potential for interim modifications driven by material changes in realized commodity prices, significant corporate actions or other events, and currently anticipate maintaining a $0.45 per share quarterly dividend throughout 2025.
The decision to pay any future dividends is solely within the discretion of, and subject to approval by, our board of directors.
10 unchanged sentences
(1) Any shares purchased outside of publicly announced plans or programs represent shares surrendered in satisfaction of tax withholding obligations in connection with the vesting of restricted stock awards.
−Removed: (2) In May 2022, our board of directors approved and the Company promptly announced a stock repurchase program to acquire up to $150 million of shares of our outstanding common stock.
+Added: (2) On July 23, 2024, the Company’s board of directors approved and promptly announced a stock repurchase program to acquire up to $150 million of the Company’s outstanding common stock.
The stock repurchase program allows the Company to repurchase its shares from time to time in the open market, block transactions and in negotiated transactions.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.