“We remain very confident that we're going to exit the year achieving the cost and S&J synergies for that run rate of $500 million.”

In context

“So they're the kinds of things that we're still continuing to get. Then on the cost side of it, we're also ahead of schedule. We're seeing opportunities for additional synergies in areas that we really couldn't evaluate pre close, particularly on the commercial side of the business. Again, examples there would be that we've got opportunities in areas like crude lending and midstream contracts that we didn't have factored in that we can now see. And of course, we're actually realizing synergies in the first quarter from things like the debt transaction we did that lowered our interest costs and the day one employee exit. So that's right on track. As we previously guided, we'd expect to see the synergy pace accelerate during the second half of the year as we ramp up merging all the systems. We remain very confident that we're going to exit the year achieving the cost and S&J synergies for that run rate of $500 million. Nick Olds: Maybe one just final comment I'll make is we don't consider this a synergy because it's we think of it as a onetime. But we got tax benefits from this transaction, too. Between the foreign tax credit utilization and the NOLs associated with Marathon, that's about $1 billion of incremental value that we're getting from the transaction above and beyond the synergies. So I would just say that we're really pleased with how things are going. And so we're getting it integrated into our company, I think, pretty seamlessly. Operator: Our next question comes from Betty Jiang with Barclays. Betty Jiang: Ryan, I really appreciate all the color on the cash return framework. If I'm hearing it, if the cash return is closer to the mid-40s of cash flow from ops going forward, If I could ask on”