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    <nameOfIssuer>AMERICAN EXPRESS CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>025816109</cusip>
    <value>170935368</value>
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      <Sole>562102</Sole>
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    <nameOfIssuer>AMGEN INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>031162100</cusip>
    <value>247217281</value>
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      <sshPrnamt>586504</sshPrnamt>
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      <Sole>586504</Sole>
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    <nameOfIssuer>APA CORPORATION</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>03743Q108</cusip>
    <value>320448151</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7714207</sshPrnamt>
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      <Sole>7714207</Sole>
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      <None>0</None>
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    <nameOfIssuer>BANK OF AMER CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>060505104</cusip>
    <value>117983291</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2167615</sshPrnamt>
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      <Sole>2167615</Sole>
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      <None>0</None>
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    <nameOfIssuer>CENOVUS ENERGY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>15135U109</cusip>
    <value>421759560</value>
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      <sshPrnamt>13568058</sshPrnamt>
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      <Sole>13568058</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>CONOCOPHILLIPS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>20825C104</cusip>
    <value>195086899</value>
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      <Sole>1558825</Sole>
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      <None>0</None>
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    <nameOfIssuer>CREDIT ACCEP CORP MICH</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>225310101</cusip>
    <value>104278044</value>
    <shrsOrPrnAmt>
      <sshPrnamt>196381</sshPrnamt>
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    <votingAuthority>
      <Sole>196381</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>CROCS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>227046109</cusip>
    <value>83268496</value>
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      <sshPrnamt>709816</sshPrnamt>
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      <Sole>709816</Sole>
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      <None>0</None>
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    <nameOfIssuer>D R HORTON INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>23331A109</cusip>
    <value>190860960</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1396714</sshPrnamt>
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      <Sole>1396714</Sole>
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      <None>0</None>
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    <nameOfIssuer>DIAMONDBACK ENERGY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>25278X109</cusip>
    <value>183395054</value>
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      <sshPrnamt>997743</sshPrnamt>
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      <Sole>997743</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>EBAY INC.</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>278642103</cusip>
    <value>85466585</value>
    <shrsOrPrnAmt>
      <sshPrnamt>805908</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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      <Sole>805908</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>FIFTH THIRD BANCORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>316773100</cusip>
    <value>158076392</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3125275</sshPrnamt>
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      <Sole>3125275</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>FRONTLINE PLC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>M46528101</cusip>
    <value>37667493</value>
    <shrsOrPrnAmt>
      <sshPrnamt>760775</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>760775</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>GARRETT MOTION INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>366505105</cusip>
    <value>11459473</value>
    <shrsOrPrnAmt>
      <sshPrnamt>440241</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>440241</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>HOME DEPOT INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>437076102</cusip>
    <value>81504925</value>
    <shrsOrPrnAmt>
      <sshPrnamt>286495</sshPrnamt>
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      <Sole>286495</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>RUS 1000 VAL ETF</titleOfClass>
    <cusip>464287598</cusip>
    <value>1137007</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4586</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4586</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46625H100</cusip>
    <value>127563298</value>
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      <sshPrnamt>385586</sshPrnamt>
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    <votingAuthority>
      <Sole>385586</Sole>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LENNAR CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>526057104</cusip>
    <value>186410693</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2284725</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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      <Sole>2284725</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>M &amp; T BK CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55261F104</cusip>
    <value>59666869</value>
    <shrsOrPrnAmt>
      <sshPrnamt>274204</sshPrnamt>
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    <votingAuthority>
      <Sole>274204</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>MACERICH CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>554382101</cusip>
    <value>252631357</value>
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      <sshPrnamt>11298361</sshPrnamt>
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      <Sole>11298361</Sole>
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      <None>0</None>
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    <nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>58933Y105</cusip>
    <value>335072670</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2305916</sshPrnamt>
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      <Sole>2305916</Sole>
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    </votingAuthority>
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    <nameOfIssuer>NVR INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>62944T105</cusip>
    <value>171270962</value>
    <shrsOrPrnAmt>
      <sshPrnamt>27829</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>27829</Sole>
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    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>OCCIDENTAL PETE CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>674599105</cusip>
    <value>162623851</value>
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      <sshPrnamt>2939694</sshPrnamt>
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      <Sole>2939694</Sole>
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    <nameOfIssuer>SIMON PPTY GROUP INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>828806109</cusip>
    <value>251958294</value>
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      <Sole>1255022</Sole>
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    <nameOfIssuer>TARGET CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87612E106</cusip>
    <value>193262945</value>
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      <sshPrnamt>1233410</sshPrnamt>
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      <Sole>1233410</Sole>
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  <infoTable>
    <nameOfIssuer>U HAUL HOLDING COMPANY</nameOfIssuer>
    <titleOfClass>COM SER N</titleOfClass>
    <cusip>023586506</cusip>
    <value>105979494</value>
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      <Sole>2005288</Sole>
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    <nameOfIssuer>ULTA BEAUTY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>90384S303</cusip>
    <value>63649077</value>
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      <Sole>116537</Sole>
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    <nameOfIssuer>UNITEDHEALTH GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>91324P102</cusip>
    <value>119077569</value>
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      <Sole>324391</Sole>
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    <nameOfIssuer>WEST FRASER TIMBER CO LTD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>952845105</cusip>
    <value>13330572</value>
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      <Sole>192278</Sole>
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    <nameOfIssuer>WESTERN ALLIANCE BANCORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>957638109</cusip>
    <value>141959291</value>
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  </infoTable>
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    <nameOfIssuer>ZOETIS INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>98978V103</cusip>
    <value>110400985</value>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
