“Our expectation is that we'll continue to, I think, differentiate our production and what we're able to do versus many of the others -- many of our other competitors who started off on this best bench, high initial production rates.”

In context

“the Permian, it's going to be a little bit lumpy. And so I wouldn't take any one data point, any one quarter's numbers and extrapolate from there. I think you're going to see moving that up and down. I would say, generally speaking, we like what we're seeing in terms of productivity in the Permian. You all know we -- several years ago, our strategy on maximizing oil recovery versus initial production rates that led to a very different development approach trying to work across this cube design, work across all the benches simultaneously to maximize ultimate recovery. That, I think we've been developing that approach, fine tuning it, testing it and evolving that concept. We like where we've gotten to with that approach. I think we're seeing the results of that starting to manifest itself. Our expectation is that we'll continue to, I think, differentiate our production and what we're able to do versus many of the others -- many of our other competitors who started off on this best bench, high initial production rates. With time, I expect to see them pivot maybe a similar approach, but I think we've got a real good head start on that. Like what we're doing there. I think we see some encouraging signs on the early stages of that. And we're going to keep pressing on that, maintain rigs and the capital levels that we've been talking about pretty consistently, and then we'll see how the rest of the year plays out. But we're sticking at this point to same year-end guidance that we gave late last year. Devin McDermott: Great. Thanks, Darren. Darren Woods: Welcome. Operator: We'll go next to John Royall with JPMorgan. John Royall: Hi, guys. Good morning. Thanks for taking the question. Darren Woods: Good morning. John Royall: So on the Beaumont expansion, can you talk about how the capacity is being absorbed i”