Jun 21, 2023 / 03:20PM GMT
John Macalister Royall - JPMorgan Chase & Co, Research Division - Analyst
We'll get started now. So we're joined by Mark Lashier, President and CEO of Phillips 66. Mark took over the CEO role about a year ago after being in the COO for about a year. Prior to that, Mark ran the CPChem business. We also have Jeff Dietert, Vice President of Investor Relations. Jeff joined the company in 2017 after a long career doing what I do on the sell side and had some additional energy experience, I think, prior to that.
So Mark and Jeff, thank you very much for joining us today.
Mark E. Lashier - Phillips 66 - President, CEO & Director
Glad to be here, John.
Questions and Answers:
John Macalister Royall - JPMorgan Chase & Co, Research Division - AnalystSo why don't we start with the balance sheet. You've set out a guide of 25% to 30% net debt to capital. You were at the bottom end in the end of 1Q. But you've recently closed DCP and presumably have moved up that scale a bit. Where would you like to be
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