...A. You'll recall, we've talked in recent disclosures about improving earnings power by about $3.5 billion quarterly since 2019 at constant prices and margins. B. This is driven by structural earnings improvements, which include our volume and mix improvements, as well as continued efforts to drive structural cost efficiencies. C. While our strategic acquisition of Pioneer, which closed a year ago, is certainly a contributor, even more so is the significant business transformation we've delivered over the past six years. D. In total, our structural earnings improvements have contributed around $4 billion to improving our earnings power, more than offsetting higher inflation and other costs. E. In the first quarter, our transformed business continued to outperform. F. We delivered $7.7 billion in earnings, highlighting the differentiated strengths of our portfolio and our improved earnings power. G. From Yellowtail, our fourth and largest FPSO in Guyana, which has arrived on location and...
