INPEX CORPORATION (1605) Stock Price

INPEX is a company primarily engaged in the exploration, development, production, and sale of oil and natural gas. The company operates globally with 73 subsidiaries and 29 affiliated companies. Its main business segments are organized by region: Japan, Australia and Southeast Asia, Europe and Abu Dhabi, and other areas.

INPEX evaluates its proved reserves internally in accordance with U.S. Securities and Exchange Commission (SEC) regulations. As of December 31, 2024, the company's proved reserves totaled 3,343 million BOE (barrels of oil equivalent), comprised of crude oil, condensate, and LPG of 2,580 million barrels and natural gas of 3,969 billion cubic feet.

The company calculates the discounted present value of future net cash flows based on proved reserves and discloses results by region. As of December 31, 2024, calculations use an exchange rate of 158.17 yen per U.S. dollar and apply an annual discount rate of 10%. This approach maintains the objectivity and accuracy of future cash flow projections.

INPEX is pursuing a long-term growth strategy aimed at ensuring stable energy supply and sustainable growth. In the "INPEX Vision 2035" announced in February 2025, the company has established a long-term strategy through 2035 and a medium-term management plan for 2025-2027, outlining specific initiatives and targets.

The company aims to expand its revenue base by strengthening natural gas supply capacity as its core focus, while enhancing new initiatives in low-carbon sectors and power-related businesses. To achieve net-zero emissions by 2050, INPEX is advancing the adoption of renewable energy and the deployment of CCS (carbon capture and storage) technology.

INPEX targets a 60% expansion of business scale and a 60% reduction in GHG emissions intensity by 2035. This approach will secure stable energy supply while reducing environmental impact. Business expansion in Abu Dhabi and Ichthys will be key drivers of growth.

For capital allocation from 2025 to 2027, the company will strengthen growth investments and shareholder returns to expand shareholder value. Based on progressive dividends, INPEX targets a total payout ratio of 50% or higher and will conduct flexible share buybacks according to business conditions. This approach balances sustainable growth with shareholder returns.