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ExxonMobil(XOM) - 2020 Q4 - Earnings Call Transcript
2021-02-03 02:55
Exxon Mobil Corporation (NYSE:XOM) Q4 2020 Earnings Conference Call February 2, 2021 9:30 AM ET Company Participants Stephen Littleton - Vice President, Investor Relations and Secretary Darren Woods - Chairman and Chief Executive Officer Conference Call Participants Doug Terreson - Evercore ISI Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Phil Gresh - JPMorgan Jon Rigby - UBS Sam Margolin - Wolfe Research Devin McDermott - Morgan Stanley Operator Good day, everyone, and welcome to this Exxon Mo ...
ExxonMobil(XOM) - 2020 Q3 - Quarterly Report
2020-11-04 18:00
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, 2020 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 ...
ExxonMobil(XOM) - 2020 Q3 - Earnings Call Transcript
2020-10-30 21:23
Exxon Mobil Corporation (NYSE:XOM) Q3 2020 Earnings Conference Call October 30, 2020 9:30 AM ET Company Participants Stephen Littleton - VP of IR and Secretary Andrew Swiger - SVP and Principal Financial Officer Jack Williams - SVP Conference Call Participants Sam Margolin - Wolfe Research Phil Gresh - JPMorgan Jeanine Wai - Barclays Devin McDermott - Morgan Stanley Jon Rigby - UBS Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Jason Gabelman - Cowen Operator Good day everyone and welcome to this ...
ExxonMobil(XOM) - 2020 Q2 - Quarterly Report
2020-08-05 18:03
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 June 30, 2020 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 ju ...
ExxonMobil(XOM) - 2020 Q2 - Earnings Call Transcript
2020-07-31 17:58
Exxon Mobil Corp (NYSE:XOM) Q2 2020 Earnings Conference Call July 31, 2020 9:30 AM ET Company Participants Stephen Littleton - VP, IR & Corporate Secretary Neil Chapman - SVP Conference Call Participants Jeanine Wai - Barclays Bank Douglas Leggate - Bank of America Merrill Lynch Neil Mehta - Goldman Sachs Group Douglas Terreson - Evercore ISI Roger Read - Wells Fargo Securities Sam Margolin - Wolfe Research Philip Gresh - JPMorgan Chase & Co. Jason Gammel - Jefferies Ryan Todd - Simmons Energy Operator Good ...
Exxon Mobil Corporation (XOM) CEO Darren Woods Hosts 2020 Annual Meeting Of Shareholders (Transcript)
2020-05-27 21:58
Summary of Exxon Mobil Corporation 2020 Annual Meeting of Shareholders Company Overview - **Company**: Exxon Mobil Corporation (NYSE:XOM) - **Date of Meeting**: May 27, 2020 - **Format**: Virtual meeting due to COVID-19 pandemic Key Points Discussed Market Environment and Company Response - The company is managing unprecedented market conditions due to the COVID-19 pandemic, focusing on three areas: employee safety, operational continuity, and aggressive cost reduction [12][11][21] - Demand for crude oil dropped by nearly 30% in April 2020, with aviation fuel demand down by 70% and gasoline demand nearly halved [17] - Projected global oil demand for 2020 is expected to be down approximately 10% year-on-year [17] Financial Adjustments - Announced a 15% reduction in cash operating expenses and a 30% reduction in capital expenditures [18] - Identified opportunities to reduce capital expenditures by $10 billion while preserving project advantages [19] - Investments in Guyana remain a priority despite delays due to political uncertainties [20] Long-term Strategy - Despite current challenges, the company maintains a long-term outlook, projecting a 20% increase in global energy needs over the next two decades [22] - The company emphasizes the need for $20 trillion in additional investment in oil and natural gas by 2040 to meet demand [22] Climate Change and Emissions - The company is committed to reducing emissions and investing in technologies that provide lower carbon energy [23][24] - Focus on commercial transportation, power generation, and industrial processes to mitigate emissions [24] - The company has faced criticism for its climate change policies and lack of independent oversight in governance [40][41] Shareholder Proposals - Several shareholder proposals were presented, including: - **Independent Chair Proposal**: Advocated for an independent chair of the board to enhance governance [37] - **Special Shareholder Meetings**: Proposed to allow shareholders holding 10% of stock to call special meetings without court petitions [46] - **Environmental Expenditures Report**: Requested a report on the costs and benefits of environmental expenditures [51] - **Public Health Risks of Petrochemical Investments**: Sought a report on health risks associated with expanding petrochemical operations [60] - **Political Contributions Report**: Requested transparency on political contributions and lobbying activities [67] - **Lobbying Report**: Called for a report on the company's lobbying activities and expenditures [73] Management's Responses to Proposals - Management defended the current governance structure, emphasizing the effectiveness of the combined CEO and Chairman role [43] - Acknowledged the importance of transparency in political contributions but maintained that existing disclosures meet legal requirements [72] - Rejected the need for additional reports on environmental expenditures and public health risks, citing existing risk management processes [66][59] Additional Insights - The company highlighted its commitment to innovation and technology as a competitive advantage, particularly in exploration and production [26][27] - Emphasized the importance of employee expertise and experience in navigating current challenges [31] - The meeting concluded with a reaffirmation of the company's strength and commitment to long-term shareholder value [33]
ExxonMobil(XOM) - 2020 Q1 - Quarterly Report
2020-05-06 18:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ Class Outstanding as of March 31, 2020 Common stock, without par value 4,228,211,252 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ ...
ExxonMobil(XOM) - 2020 Q1 - Earnings Call Transcript
2020-05-01 19:59
Exxon Mobil Corporation (NYSE:XOM) Q1 2020 Earnings Conference Call May 1, 2020 9:30 AM ET Company Participants Stephen Littleton - Vice President, Investor Relations and Secretary Darren Woods - Chairman & Chief Executive Officer Conference Call Participants Sam Margolin - Wolfe Research Jon Rigby - UBS Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Doug Leggate - Bank of America Doug Terreson - Evercore ISI Jeanine Wai - Barclays Jason Gammel - Jefferies Phil Gresh - JPMorgan Operator Good day, every ...