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      "text": "2025 consensus estimates indicate a $5.7bn shortfall. The bulk of the deficit (~$3.6bn) is driven by refining",
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      "text": "We've completed the strategic priorities that we laid out in 2022, enhanced in 2023 and committed to achieving by the end of 2024.",
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      "text": "We've completed the strategic priorities that we laid out in 2022, enhanced in 2023 and committed to achieving by the end of 2024. — Mark Lashier, Q4 2024 Earnings Call",
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      "text": "Source: Bloomberg. Note: Refining EBITDA presented here is inclusive of turnaround expenses to align with management definitions. See appendix for calculation details.",
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