“And finally, we expect to further strengthen our balance sheet and progress our share repurchase program while continuing to retain capital flexibility and optionality to adapt to market conditions and opportunities.”

In context

“ities and expertise developed over decades to progress our net zero ambitions and grow our low carbon solutions business. In that business, we expect to reach final investment decisions on large-scale carbon capture and storage projects at La Barge, Wyoming, and Rotterdam in the Netherlands. We’re continuing to advance the flagship carbon capture opportunity in Houston. It now has 14 participating companies and has potential to capture up to 100 million metric tons of CO2 per year by 2040. We also anticipate beginning to lift renewable diesel from our agreement with Global Clean Energy’s biorefinery in California later this year, as well as making a final investment decision on our renewable diesel project at our Strathcona refinery in Canada, expanding our lower emissions fuels offering. And finally, we expect to further strengthen our balance sheet and progress our share repurchase program while continuing to retain capital flexibility and optionality to adapt to market conditions and opportunities. Leveraging our core competitive advantages, we’re well positioned for future success, irrespective of the path or pace. We have the flexibility to shift resources between our traditional and low-carbon businesses at any rate required. This provides a lot of optionality and positions us to lead industry in the energy transition and in earnings and cash flow growth. We thank you for joining us today and look forward to sharing more with you during our Investor Day on March 2. Unfortunately, because of ongoing COVID considerations, we’ll conduct the events virtually again this year. We do look forward to the day when we can get back to hosting you all in-person. Before we take your questions, I’d like to take a moment to thank Stephen for his leadership and significant contributions. As afte”