“In addition to furthering our cost reduction initiatives, we are more than doubling our asset sales target to $5 billion, which we also expect to achieve by the end of next year.”

In context

“Given our growth in recent years and implementation of our new company- wide ERP system, we are taking the opportunity for further cost and margin improvements across the entire company. We've identified more than $1 billion of opportunities that we expect to realize on a run rate basis by the end of 2026. All of this is in addition to the $1 billion of Marathon synergies we previously discussed that we expect to realize on a run rate basis by the end of this year. These additional improvements will be wide-ranging, encompassing cost reductions across our SG&A, operating costs and transportation costs as well as margin enhancement through commercial opportunities. All in, including the Marathon synergies, we expect to drive over $2 billion of run rate improvements by the end of next year. In addition to furthering our cost reduction initiatives, we are more than doubling our asset sales target to $5 billion, which we also expect to achieve by the end of next year. We see a clear opportunity to further high grade our portfolio and accelerate value realization of assets that are not currently competing for capital. So to wrap up, we continue to execute well operationally, financially and across our strategic initiatives, we are well positioned for the second half of the year with clear free cash flow tailwinds, and we continue to find ways to enhance our differentiated long-term investment thesis. That concludes our prepared remarks. I'll now turn it over to the operator to start the Q&A. Operator: [Operator Instructions] Our first question comes from Neil Mehta with Goldman Sachs. Neil Singhvi Mehta: Really appreciate the incremental disclosure and love the Slide 7. So Ryan, maybe we could start there, which is if you look at street numbers, at arou”