“But as Bill described in his opening remarks, we stand in a pretty good shape. We think buying our shares makes sense right now. We're not going to drop off that at all.”

In context

“seeing that actualize for us and so we expect capital to continue to taper down through the remainder of the year. Operator: Our next question comes from Lloyd Byrne with Jefferies. Lloyd Byrne: Bill, congratulations and thank you for all your help over the years. Ryan, you talked a lot about what separates Conoco and the advantages you have going forward, including all the free cash you have coming. So would you use your balance sheet and your asset sales and lean in a little bit on going above that 45% return to shareholders going forward? Ryan Lance: Well, I think, Lloyd, I was trying to guide to sort of the 45% feels about right for where we are in cycle. Obviously, these kind of commodity prices, if you think about it, it may require a little bit of use of cash on the balance sheet. But as Bill described in his opening remarks, we stand in a pretty good shape. We think buying our shares makes sense right now. We're not going to drop off that at all. And a small factoid in the last four to five months, we bought nearly 20% of the Marathon shares back in. So we think that's important and we know that returns of capital are important, but I would probably anchor on the mid 45% of our CFO. And that may have some impact on net debt, but we're not intending to borrow gross debt to do this. Operator: Our next question comes from Scott Hanold with RBC Capital Markets. Scott Hanold: Yeah, thanks. Congrats, Bill and Andy. And Bill, wish you on your future endeavors. My question and look, I don't want to belabor this sort of macro kind of question and what does Conoco do, but I'm going try a bit of a different angle at it. And Ryan, you talked about the haves and have nots where Conoco is advantaged. But if we do have a weaker macro environment”