Neil Mehta

Is there a scenario where you could accelerate production in that time horizon, do you feel like you have the inventory depth to do it

are you focused on, John, in terms of the milestones at that development for 2025 specifically

your perspective on the right way to return that 60% to 80% back to shareholders here as you think about the dividends versus the buybacks

Where do you stand in terms of Willow construction, and what are the big milestones as we continue to derisk this project and get to that free cash flow inflection?

your perspective as the industry is now set to accelerate consolidation potentially of whether Conoco is really more of an organic story on the go forward

your perspective on the bridging from the seven to seven and a half to eight and a half to nine, do you feel Ryan, that we've got a good handle around the project

you're generating close to $8 billion of free cash flow this year. So if you add $6 billion to $7 billion, you're kind of closer to $14 billion

do you still view the $10 billion as an attainable number? And given the fact that you acknowledge the stock is undervalued

your thoughts on where you've been able to drive that reserve replaced in any geographies in particular that want to call out

what's the value of operating as a multi-basin portfolio versus being a pure play? And so just maybe you could spend some time now that's been a couple of years you've had Cabot under your portfoli...

In the Marcellus, we've seen a lot of consolidation here. Do you feel like you have sufficient scale to be first quartile in the Northeast?

can you just give us a level set of how much conviction you have that you work through this issue, the timeline?

Maybe talk about what your priorities are for the Marcellus plan for the balance of the year and how that ties into your macro view for gas?

there has been discussion points about the depth natural gas portfolio as you've drilled out a lot of Northeast PA, maybe you can respond to that viewpoint about depth of inventory.

just can you walk through your thought process of what's changed from November? And, you talk about potentially increasing capital here in the Marcellus

do you expect to continue to be active from an acquisition perspective on the GoFund?

I would love your perspective on the current conflict in the Middle East and if you could share how you think about this

if you could unpack Venezuela a little bit more, specifically, your just thoughts on the conditions of the assets on the ground and how much running room there is in terms of the resource there

what are some initial observations, thoughts on whether this asset is core? And do you view it as part of a broader Rockies corridor

how much of the $10 billion in the stand-alone, you feel like you've derisked and your confidence interval on each of those 4 buckets?

I'd love a full rundown of your perspective on PCO, specifically, the startup looks like that has gone well. Early discussions around the concession extension

wanted to better understand the power business and the announcement from earlier this week with GE Vernova

could you talk about early wins and thoughts on whether you could pull forward the year-end 2027 target? Make this a little more tangible for us

Maybe you can comment on the advantage of moving a little bit more toward being Delaware-focused versus diversified

your perspective on the business optimization and where you are relative to the $1 billion of the pretax target. And what are the key milestones you're focused on the first half of 2026?

where we are in the business optimization program and the $1 billion. You gave us a little bit of color on Slide 8, but kind of unpack what's left to do

we're trying to isolate the structural cost improvements, which you talked about in the answer to the first question versus more of the cyclical stuff

as you think about the back half of this year and into next year and then some -- even some of the marketing agreements that you announced here today, what are you doing to try to capture better on...

How is that 40% that you've achieved in the first 4 months compared relative to your expectations? And what's the next key milestone you guys are really focused on here?

give you an opportunity to kind of talk about your confidence interval around achieving it, when we can really see the run rate and help us to really itemize some of these buckets

Can you just talk about why you think ultimately the partnership dissolution makes sense, how we should think about the uplift in value

Are we reading into your early strategies as you step into the CEO role to really pursue more of an organic versus an M&A focused strategy

How do you think about the optimal level of activity in the Permian in particular, and the composition of activity over the course of the year

can you just unpack it and maybe put some numbers behind your viewpoint because I know everything you say is backed up by some analytics here

your perspective about the -- how the balances build through the balance -- the back end of the year and into 2026

can you help us quantify the impact over the next couple of years?

What are the lessons that you learned from your 2020 experience that you would carry forward here

The South Texas Eagle Ford bolt-on, its building out looks like an incremental 30,000 acres here

there's a little bit more international spend in the portfolio, the capital program this year. So can you unpack that

now with the clarity of the numbers and how robust the trading and marketing effort was, maybe, Toby and Jeremy, you could just talk about lessons learned and confidence about the ability to replic...

Are there opportunities to continue to opportunistically bolt-on stuff? Or is this really just an organic story

maybe you could talk about quantifying the uplift associated with that. You gave us some disclosures in the release and in your comments

we've seen production surprise. I think relative to consensus expectations, Toby, something that you outlined was likely to happen at our conference in January

does this make you want to be more aggressive around hedging '27 now that the '27 curve rally as well

you elected to take some curtailment in the quarter. And so I just talk about what the mechanism or what would be triggered to lower that near-term production

how you're pricing it? It sounds like you're tying it to M2 plus. And so implicit in that is a view that the differentials should be tightening up over time

as we've been surprised by some of the scripts that have come in with production at 107 is probably north of it'd be higher than what we would have anticipated

as you think about the production path for the U.S. from here, particularly in the base that you operate in

how you think about what that marginal molecule cost curve is? And if we ultimately need to price the Haynesville

Can you talk about how you plan on getting towards that $5 billion number? It sounds like a lot of that's going to be organic free cash flow

how do you think about potentially locking in the '27 plus to the extent that comes that firms up with the '26 curve

what's the right approach to hedge the wedge?

just any mark-to-market on how you're progressing through it

Maybe you could talk about the characteristics you and the board are looking for in that next CEO and any thoughts on timing

can you talk about the quantification of the uplift in cash flow or realizations that you think could happen if you optimize the commercial side of the business

is it fair to say that the CapEx, all else equal, should be relatively flat '26 versus '25?

how are you thinking about continuing to execute that program?

How do you think about being opportunistic versus ratable in the hedge the wedge strategy?

There's another $100 million here of outperformance. And I think you got 4 bullets that describes some of the pieces there. But could you unpack it

We have had a pretty dramatic move in the front. In fact, it's been pretty well bid still, but in the front, do you think that's supply or demand

I'd love your updated thoughts around hedging. You guys did layer in a lot of those hedges for 2026. Just talk about the way you're thinking about the plan going forward

I just wanted to spend some time just talking about return of capital and capital allocation and those 3 tranches that you outlined in the deck

Can you just talk about how you're thinking about the hedging strategy on a go forward? Does hedge the wedge still makes sense

the move to a green light framework from yellow light, adding the 2 to 3 rigs and moving to the fifth completion crew

You didn't move away from the fixed framework in while you bumped the dividend, you indicated that you might be slowing down the buyback

talk about what you think the opportunity set is you are deploying more capital here in 2026, how you think about the potential returns associated with it

there's potentially more oil as well. So it's probably a little oilier than some of us would have thought. Just talk about how you're thinking about making sure that you're maximizing the liquids cut

you indicated in the letter, you think we are at the yellow light right now. So maybe spend some time thinking about how you're thinking about the moving pieces

are there other opportunities within the portfolio? And I think last quarter, you got -- there was a lot of tension on some of the comments about not being a seller

is that still the framework? Or are you suggesting a different posture year-to-date

if you can provide an update to the stop light analogy, it sounds like you still think we're at yellow here

is that a function of the delay between changes in activity and in production, or is that you guys were just really tracking well

can you spend some time talking about the thought process that went into the decision and how you're thinking about the approach

how do you think about maintaining the dry powder for potential sell downs there

if that's the case, how do you think about leaning into the share repurchase program at these valuation levels

Any perspective on the power side of the business and VoltaGrid in particular, and driving value from that side

how important is this business for you guys? How big can it be? Do you see yourself as a logical consolidator over time

Can you just go give us a tour around the world, Jeff, and give us perspective by market

just any early thoughts in helping us think through the picture for '26 and based on early customer conversations

why specifically is that the region you think makes sense to be spending time on

C&P margins. They were a little softer in the quarter, and we appreciated the Q3 volume Q3 guide. But can you just unpack that a little bit more

can you help us walk through your customer conversations about the white space as you think about the back half of the year in North America

give us a lay of the land there, how do you think about the trajectory over the course of this year into 2026, and do you see a path to resolution

if we stay in this type of commodity price environment, how do you think about the rig count and the completion count and what type of oil price do you think would really change customer behavior

the utilization guide looked very good here at 94%, but maybe you can unpack the numbers a little bit more

the math would imply an acceleration of return of capital through the balance of the year

do you think that you can match or beat that number as you go into next year?

capture rate was very strong at 114%. And I am wondering if you can kind of build on what you saw there and anything that might have positively surprised

Can you just talk about how you're thinking about the share repurchase on the go forward?

there was some downtime at the RHU unit. Where are we in terms of starting that back up?

how are you guys thinking about the multiyear outlook for the West Coast? How do you position yourself?

Are you seeing any physical evidence of an economic slowdown, and just maybe give you some real-time color, of what you're seeing in your system here?

The mid-teens returns that you're targeting on this, can you talk a little bit about some of the underlying assumptions?

There was a $543 million positive capture impact in the quarter, 119% capture. I'm curious, how much of that was seasonal?

Is that the view the leadership team shares—really an organic story?

Any perspective on the decade ahead—what leaves you optimistic, and what are the biggest concerns

Be curious on how you're thinking about the setup for 2026 for oil this year

as you stepped into the COO seat late last year, but just some initial observations of things that you think Oxy has been doing really well from an operation standpoint

what the gating items are and early thoughts around start-up activities

what inning are we in terms of digital application in the oil fields and how are you employing it

your perspective on U.S. oil production and how you see that evolving as we apply these technologies

A couple of years ago, I know you guys were pretty constructive on the long term for oil because of the underinvestment in exploration

help us unpack how you're thinking about derisking those, and how the changing policy environment could affect the potential returns

the framework around West monetization, recognizing there are a lot of moving pieces, but how are you thinking about the pluses and minuses

love your perspective on the key drivers of that business looking at the guide here for twenty-five. One looks a little bit weaker

the standout number from this quarter was really the worldwide market capture, which ticked up to 138%

Kevin, you talked about this eight-two-two-two framework. I thought that was a helpful way or moniker for thinking about the cash flow associated with the business

Just your perspective on how you're managing through the turnarounds and what you're looking to be best in class there

do you guys have visibility to that crude actually manifesting its way over here?

Do you annualize Q3? You're close to $4 billion. And so maybe you could just talk about bridging that $500 million

working capital, there was a $1.1 billion outflow, but I would think that swings back in the back half

how you guys are thinking about net capacity adds? And then also the swing factor of China, which obviously has excess export capacity

Just love your thoughts on the path back to mid-cycle. And one of the factors that suppressing profitability has been the tightness of WCS

can you provide a little bit more detail or help us quantify a framework for thinking about tax leakage associated with Midstream monetization

the business is evolving to where Midstream is becoming a major focus and a much more important part of the business

as Midstream becomes a bigger part of the business, how do you think about the optimal capital structure?

can you give us some of the line items that are causing the pressure points and help us understand the specific items?

it has been a couple months now that ChampionX has officially been in the SLB N.V. portfolio. Any observations about what it is bringing to the table

Perspective on that market and how it should evolve from here? As we think about SLB N.V.

Your perspective on that question, I think, would be helpful for us. As we think about the back end of the oil curve

Where do you see things trending better? Where do you think is trending softer?

Any incremental thoughts, particularly on leveraging the platform leveraging the products into your international platform

where are we in terms of the gating items at this point? It does feel like we're in the end zone here

Where do you expect activity if we're in a lower commodity price environment to be dialed back? What do you think is relatively price inelastic?

how do you think about taking advantage of some of the volatility in the stock and you said at least $4 billion

can you talk about where we stand in helping the market better isolate the value of the Digital business?

How are you just thinking about that product in general, how you can maximize your production of it

any pluses and minuses that we should sort of be thinking about and anchoring to and anything about March profitability

if you could expand a little bit more on that specifically as you are you as you see the go forward for the barrels that are being marketed in

How aggressive you will continue to be around buying back stock and love your perspective on that

crude that's on the water and in transit and some estimates have it north of 3 million barrels a day

non-refining businesses did better than expected -- than we expected this quarter

your perspective on the sustainability of capital returns and how we should be thinking about the buyback in the back half of the year

What's the path back to mid-cycle here? How do you think about the evolution of this business

how are you thinking about taking advantage of you know, the balance sheet to to shrink the share count

distillate, it looks really tight. Relative to the margins

Renewable Diesel performance came in I think better than what most market participants were expecting

you were able to optimize the system to run over 600,000 barrels a day of heavy sour oil

your perspective on the Permian. You guys have been very clear about this being a growth engine

do you see upside potential to it

Is it about capturing the deflation? Is it about deferring investment

Do you have a different view given your technology upside

How does M&A potentially fit into that framework

key milestones you're watching for