“So think about around $1 billion Chevron share over 2024 and 2025, probably a little more weighted to 2024 than 2025.”

In context

“national upstream. And you could follow-up, Roger, with Jake and cover any more details. Roger Read: No, thanks. I'll sum it up as messy. I appreciate it. Thanks. Michael Wirth: We gave [indiscernible] quarter every now and again. Go ahead, Katie. Operator: I apologize. We'll take our next question from Josh Silverstein with UBS. Joshua Silverstein: Yes. Thanks. Good morning, guys. On the TCO, you had mentioned that in 2025, you expect the cash flow to be about $1 billion lower, around $4 billion versus $5 billion previously. Is that just due to the project delays? Or is there higher cost estimates now in that, so it would be lower distributions from there? Or is there something else that's driving that? Michael Wirth: Yes. So Josh, there's going to be some more capital, we said 3% to 5%. So think about around $1 billion Chevron share over 2024 and 2025, probably a little more weighted to 2024 than 2025. Cash flow from the operations will be lower by about $1.5 billion at $60 Brent in total over the next two years really due to the delay in the project. So it's equivalent to about 50,000 barrels a day in net production in each of those years. So in total, we expect our share of dividends to be lower by about $2.5 billion across 2024 and 2025 from the prior guidance. And so it's a combination of those things. And so we had previously guided to above $5 billion. We're now seeing above $4 billion and a little more of that coming from production and cash flow from ops as opposed to CapEx. Pierre Breber: And the delay in WPMP doesn't have any impact really because there was no incremental production. So the effects that Mike was talking about in production are really from the delay in the star”