The company achieved its structural cost reduction target six months early by capturing $3 billion in annual run-rate savings

These cost savings were expected to largely come from optimizing the portfolio, leveraging technology to enhance productivity, and changing how and where work is performed, including expanded use of global capability centers

The company plans to continue to look for ways to further lower costs in the future

For every dollar change in Brent crude oil prices, the company's annual after-tax earnings and cash flow sensitivity is approximately $600 million