“And presumably what you're talking about is a price outlook that is well below 60. So into the 50s or the low 50s. And I think you'll see even some of the larger companies, I think if we found ourselves thinking that the remainder of the year was going to be in the low 50s, we would be looking probably at additional scope kinds of opportunities within our company too.”

In context

“, 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, what do you think should happen in the industry? Should it be companies with higher cost of supply should be the first to cut and companies like Conoco show a little bit more resilience? Or do larger companies like Conoco need to take a leadership role in making some of the first cuts? Ryan Lance: Obviously, the folks that don't have the kind of cost of supply sitting in their portfolio are going to find themselves cash strapped and return strapped. So they're obviously the balance sheets are pretty good shape across the industry better than we were in the last downturn, but you'll see a lot of activity cut back. And presumably what you're talking about is a price outlook that is well below 60. So into the 50s or the low 50s. And I think you'll see even some of the larger companies, I think if we found ourselves thinking that the remainder of the year was going to be in the low 50s, we would be looking probably at additional scope kinds of opportunities within our company too. But again, we have to assess whether we think that's going to be here for a quarter or a month or two months? Or is that kind of the new normal and lower for longer kind of view there. So I go back to kind of our prevailing view of the macro and that is while demand is come off a little bit from our current think of a million barrels a day, it's still our view in '25 is probably 8 million barrels of additional demand growth in 2025 and that's not stopping. And Yao Pek [ph] is doing their thing to put some softness in market. But remind people $60 is pretty close to our mid cycle planning price. So you shouldn't expect a lot of things to change out of our company at these kinds of price, because we're built for it, we can handle the volatility, got a great balance sheet. We know we're exec”