“We expect fewer employee and retiree exercises of stock options.”

In context

“basins where there's good working oil and gas systems. And the Nargis discovery is a recent example of what happens when you focus in those areas, and I'm optimistic that we're going to see more of that in the future. Paul Sankey: Thanks a lot. Operator: Our last question comes from Biraj Borkhataria with RBC. Biraj Borkhataria: Hey, guys. Thanks for taking my questions. So the first one is on the share count. Just going back to early 2022 of the period where you're stepping up the buyback program, but the dilution from the employee options are offsetting that rule. So I'm just trying to understand, I know you took a charge today in the corporate line. Do you expect 2023 dilution to be a similar level to 2022, or should it be lower? Just any sense on that would be helpful. Pierre Breber: We expect fewer employee and retiree exercises of stock options. That was extraordinary unusual in the first quarter. And it's a zero-sum game. In other words, if employees and retirees do it early, there's fewer to do going forward. But that will be up to them and the stock price performance. And the share buybacks, I mean, you just divide it, depends on what our stock price is. We give guidance quarterly, and I think you can do the math. It is confusing the difference between average annual share count and where we end, right? So we are clearly taking our share count down. But when you look at average annuals, that's exactly what it implies. It's an annual each day, but the trend is going down. Our buybacks exceed the issuances and we expect that to continue. Biraj Borkhataria: That's very clear. And then second question is just thinking about asset”