Exxon Mobil Corporation (NYSE:XOM) Q2 2023 Earnings Call Transcript July 28, 2023 5:00 AM ET Company Participants Jennifer Driscoll - Vice President, Investor Relations Darren Woods - Chairman & Chief Executive Officer Kathy Mikells - Senior Vice President & Chief Financial Officer Conference Call Participants Doug Leggate - Bank of America Neil Mehta - Goldman Sachs Devin McDermott - Morgan Stanley Sam Margolin - Wolfe Research John Royall - JPMorgan Roger Read - Wells Fargo Stephen Richardson - Evercore I ...

Summary of Exxon Mobil Corp Conference Call Company Overview - **Company**: Exxon Mobil Corp (NYSE:XOM) - **Event**: Bernstein's 39th Annual Strategic Decisions Conference 2023 - **Date**: June 1, 2023 - **Participants**: Darren Woods (Chairman, President & CEO), Robert Brackett (Analyst) Key Points Industry Context - The energy sector is undergoing a significant transition, with ExxonMobil facing the dual challenge of delivering energy reliably while preparing for this transition [4][6][10] - The company emphasizes the importance of technology and innovation in navigating the evolving energy landscape [25][26] Oil Price Forecasting - ExxonMobil does not attempt to forecast oil prices, focusing instead on building a robust business model that can withstand various price environments [8][10] - Long-term oil price expectations are around $60 per barrel, which is deemed necessary for continued exploration and production [11] Natural Gas and LNG - The growth in demand for natural gas, particularly LNG, is tied to long-term contracts, and the timing of production is crucial [13][15] - LNG is viewed as a transition fuel, with the potential to replace coal and eventually evolve into ammonia and hydrogen production [15] Shale Oil and Technology - The shale oil industry is still maturing, with significant potential for technological advancements to improve recovery rates [17][19] - ExxonMobil aims to double recovery rates through innovative technologies and a long-term strategic approach [19][21] Capital Allocation Strategy - ExxonMobil focuses on investing in competitively advantaged projects, particularly in upstream oil and gas, while also growing its chemical and refining businesses [67][69] - The company has successfully reduced costs by $9 billion since 2019, enhancing operational efficiency [52][53] Transition to Low-Carbon Solutions - ExxonMobil is investing in carbon capture and storage (CCS) technologies, viewing them as essential for achieving net-zero emissions [26][30] - The company is also exploring biofuels and hydrogen production, leveraging its existing capabilities [26][28] Competitive Advantages - ExxonMobil differentiates itself through its integrated project organization, which enhances capital efficiency and technological innovation [50][51] - The company maintains a strong focus on core capabilities in technology and molecule management, which supports its various business segments [25][52] ESG Integration - ExxonMobil has embedded ESG considerations into its operations, emphasizing the importance of environmental and social governance in its business strategy [55][56] - The company aims to communicate its ESG efforts more effectively to stakeholders [56][58] Guyana Operations - ExxonMobil has discovered 11 billion barrels of resources in Guyana, with production vessels coming online ahead of schedule and under budget [75][76] - The company plans to continue bringing new production vessels online every 1 to 2 years [75] Financial Strategy - ExxonMobil aims to maintain a strong balance sheet to support long-term capital investments, with a focus on returning value to shareholders through dividends and share buybacks [66][69] - The company is open to both organic and inorganic growth opportunities, emphasizing the need for compelling value propositions in any potential acquisitions [70][71] Additional Insights - The company acknowledges the challenges of transitioning to renewable energy sources while maintaining existing infrastructure [41][42] - ExxonMobil's approach to the energy transition is characterized by a focus on technology development and market-driven solutions rather than solely relying on government policies [27][42]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 f8k991001x0x0.gif FORM10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number 1-2256 Exxon Mobil Corporation (Exact name of registrant as specified in its charter) New Jersey 13-540900 ...

Exxon Mobil Corporation (NYSE:XOM) Q1 2023 Earnings Conference Call April 28, 2023 8:30 AM ET Company Participants Jennifer Driscoll - Vice President, Investor Relations Darren Woods - Chairman & Chief Executive Officer Kathy Mikells - Senior Vice President & Chief Financial Officer Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Devin McDermott - Morgan Stanley John Royall - JPMorgan Sam Margolin - Wolfe Research Roger Read - Wells Fargo Jason Gabelman - TD Cowen Ste ...

2023 Results demonstrate structural First-quarter earnings improvements earnings 04.28.23 Cautionary Statement ...

2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-2256 Exxon Mobil Corporation (Exact name of registrant as specified in its charter) New Jersey 13-5409005 (State or other jurisdiction of (I. ...

Exxon Mobil Corp. (NYSE:XOM) Q4 2022 Earnings Conference Call January 31, 2023 8:30 AM ET Company Participants Jennifer Driscoll - VP, IR Darren Woods - Chairman, President and CEO Kathryn Mikells - SVP and CFO Conference Call Participants Biraj Borkhataria - RBC Capital Markets Jeanine Wai - Barclays Neil Mehta - Goldman Sachs Devin McDermott - Morgan Stanley Doug Leggate - Bank of America Alastair Syme - Citi Stephen Richardson - Evercore ISI Sam Margolin - Wolfe Research Jason Gabelman - Cowen Ryan Todd ...

1. 31. 23 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________to__________ Commission File Number 1-2256 Exxon Mobil Corporation (Exact name of registrant as specified in its charter) New Jersey 13-5409005 (State or o ...