“We started off with $2 billion, we announced we're up to $3 billion per year on average over the next 10 years. My expectation as we go into the corporate plan discussion at the end of this year is that we'll update that number even further.”

In context

“y? Darren W. Woods: Yes. Devin, thanks for the question. I think you're touching on, frankly, what is the core of our strategy here, which was to focus on building a unique set of capabilities and competitive advantages that we can then leverage to grow organic value, importantly, which is what we've been very focused on, as you know, but also use those advantages and apply them to other opportunities inorganically to grow and create value and create more value than, frankly, the combination of two entities would normally give. So it's kind of the one plus one has to equal three or more, which we've talked about for some time. We saw that play out, I think, and are continuing to see it play out with the Pioneer acquisition, where we're making really good progress at growing the synergies. We started off with $2 billion, we announced we're up to $3 billion per year on average over the next 10 years. My expectation as we go into the corporate plan discussion at the end of this year is that we'll update that number even further. So very, very pleased with what we're seeing there. And that opens us up to looking at additional opportunities to do the same thing, where we stay very focused on value deals. We're not really interested in buying volumes. We're interested in building value -- in building volumes. And that's what we've been doing in Pioneer and what we look for in other opportunities. If you look at Pioneer, the advantages that we brought there was a leading technology and scale. We also, in that transaction, took advantage of accretive talent acquisition and leadership acquisition. So we're not looking at -- G&A is one part of the equation. But as you know, with Pioneer, it was a very small part. Our expectation is that would be true as we go forward. We're not looking to buy companies and then strip al”