“at the corporate plan update, I know that we upped annual average synergies we expect to see over the first 10 years from $2 billion to $3 billion. Our view today is that numbers are even bigger”

In context

“erator: The next question is from John Royall of JPMorgan. John Royall: Hi, good morning. Thanks for taking my question. So my question is on Pioneer. You're hitting the 1-year anniversary of closing the transaction. I was just hoping for an update on how you're tracking in the various buckets of synergies today. And particularly on the production side, the improved recoveries you've talked about, I know it was a little longer dated, but just any commentary on how those efforts are tracking. Darren Woods: Yes, sure. Thank you John. Appreciate the question and good morning. I would tell you across all the areas where we saw opportunities to add value by combining what were 2 great organizations, independent organizations are frankly, finding more value opportunities than we anticipated. So at the corporate plan update, I know that we upped annual average synergies we expect to see over the first 10 years from $2 billion to $3 billion. Our view today is that numbers are even bigger, and so we're making really good progress. I think everybody who's working in that resource that business that we have, whether you're heritage ExxonMobil, whether you are Pioneer are really excited by the opportunity. It has been truly a best of both approach and the value that the people Pioneer brought to this effort and the enthusiasm, ExxonMobil folks brought to this is just really paying off in spades. So I don't think we have finished mining the value that we see in this combination. So I'm very optimistic. I think as we head to the back of the year, you'll continue to see the improvements in the value manifest themselves and the data that comes out, and my expectation is we'll continue to grow the synergy values going forward and would expect to update with you -- with you when we”