We closed 2023 with revenue of US$756.6 million, Adjusted EBITDA of US$451.9 million and net revenue of US$111.1 million, despite lower oil prices than 2022 and lower production after two wells in the CPO-5 Block were shut in for nine months. Every dollar invested in our assets generated more than 2.3 times Adjusted EBITDA in the same year, testament to our high-quality assets and our capital allocation methodology and cost discipline.

We know that the procurement of goods and services for our operations generates impacts on the Company, the economies where the procurements are made, and the environment. This is why our supply chain is committed to generating value by considering our suppliers and their workers, our neighbors and the economies of the areas we operate in, with particular emphasis on environmental protection.

Our double materiality analysis identified the energy transition as a relevant material topic in both the financial and impact aspects. Opportune and proactive management of the energy transition not only guarantees GeoPark’s sustainability over time, but also generates value from business opportunities.