Yes, parts to first the I'll it. There question. are start on several
an that we December. first, $XX.X inorganic joint anything not So billion back in venture, included acquisition is in budget shared is that Bunge the our
included. in the potential inorganic, an technology would I be in a addition. in think cited a that was company. that of then Bunge investment other Clean, in not be Carbon REG there And bit fact, little that, included will that in we the release press inorganic also So first quarter
total it's a see won't company You REG total our even though, because our capital, C&E acquisition. in
Let talk inflation bit. me cost a little just about
modest seeing cost Permian remind XX% if U.S. in none the our more much manageable. is billion We It's any that we of is increases, Permian. are capital the that and about. everyone seeing more we've our changing the budget. I'll hardly go that of outside talked pressure budget But $XX.X or CapEx
again, In Permian, But we XX% of So Mike it all. or said, U.S. our pressure not the is of lot outside it cost seeing much at as -- attention. business. the gets a not is plan
seen the reductions So bit offset all And we we've we plan. elsewhere and and we with execute with the little efficiencies had have some a that our services can of equipment in the in Permian portfolio. to budgeted, more but than
every turning that that contract which you budget, XX% is securing we XXXX each focus annual can we'll equipment as of think December. supplies XX% to and total do services we need all update plan. share that year. our the to and the Paul, execute But we details Our In we'll our to general,
can every years that a going this don't into it rotational exposed notionally, future we we've -- basis, be Again, to X previously. as been it year how depends very contracted to manage of we -- due higher on we to move are But able prices well years. by location. these vary, some to X on we depending So to
guidance, billion $XX years, goes to capital Our which X $XX billion of on mid-cycle for assumes conditions. kind
of are transient. has the it some that absorb increases to cost ability So these
within execute so And that. we'll
capital budget increase. is modest details the We which that have bottom line coming our all will off, in again, But December. up share And we in capital we're guidance. open seeing when room Tengiz release the more we'll
COGS manageable, we're years said, for contracts capital bit the of more inflation just to activity. a and It's Mike? in budget digits low future single we overall, year, Permian. this hard little working all As that our few for had secure than very a
