“So I can't get in front of the board of directors of TCO. It's a separate company that we are a shareholder in. But we expect, as we said, a much bigger dividend in the fourth quarter than we saw in 2Q.”

In context

“e co-lending that we have done along the way. And the profile of those loans are disclosed in our SEC filings. Exactly to your point, you'll see a build towards that just as the CapEx has rolled off. It was not that long ago we were investing $3 billion to $4 billion a year our share into the project and that's down to $1.5 billion or so this year and will continue to trend down. So there's that inflection point. What's also being managed, of course, are commodity prices and those vary. And as we've said, TCO continues to be conservative in managing its balance sheet, so it's been holding more cash on the balance sheet. As the project gets closer to the end, as we've demonstrated that TPC is running very reliably now for almost a year-and-a-half, we expect some of that cash to come on. So I can't get in front of the board of directors of TCO. It's a separate company that we are a shareholder in. But we expect, as we said, a much bigger dividend in the fourth quarter than we saw in 2Q. And we expect to see a release of some of that surplus cash that's been held on the balance sheet. And that'll continue over the next couple of years as we head into that $5 billion of free cash flow in 2025. And maybe the last thing, Neil, you know that TCO has really good price sensitivity. So I've seen yours and other estimates, at 70% or 80%, the cash flow is even stronger. Neil Mehta: The follow-up is just on the return of capital. I think while you have a big buyback range, a lot of market participants have kind of viewed your $17.5 billion dollars as the P50 outcome in any reasonable commodity price environment. And so, thinking less of it like a flywheel and more as sort of a relatively fixed number unless commodity prices go wacky. Just any thoughts on that statement and whether”