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CLAIM #63899 · Exxon Mobil Corp (XOM) · 2021Q3 earnings call · Oct 29, 2021 · due Dec 31, 2025

So, the comment that we're making with respect to doubling the earnings and cash flow potential of the business.

Darren Woods · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
doubling the earnings and cash flow potential of the business
Reported
We delivered earnings of almost $8 billion, two times higher than what we earned in the second quarter of 2018, under comparable industry commodity prices.

In context

billion in earnings, we take this quarter and annualize it, not realize that's and just playing what math more than trying to force you into a corner, but you'd be at about $27 billion, and yes, prices are higher on the commodity front versus the $60 real, but what I wanted to understand as we look at the cash OpEx reduction that's pretty identifiable, then you have the portfolio. And growth component. Where would you say you are on the portfolio and growth component today? And how should we think about that, maybe stair-stepping in over the next couple of years again against the sort of $60 real environment. Darren Woods : Let me just start in terms of how we think about that and make sure that we're holding ourselves in the organization to a standard that doesn't require market helps. So, the comment that we're making with respect to doubling the earnings and cash flow potential of the business. We try to normalize for price environment. So, we're not going to take any help from the market or assumed up from the market, but instead, assume constant price basis and make sure that the work that we're doing, our structural improvements, and so that if the markets there -- inconsistent, then we'll double it, if it's higher, we'll do even more than that, and if it's lower, we'll still be in a very robust position. And so that's how we think about it in this year's -- certainly this quarter's margins are not consistent with the basis that we're using for longer term. We are getting some advantage from the market today. We don't assume that it's something that manifest itself through the plan. And so that's I think an important foundation to evaluate the comments that were making. Tal

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SEC filings for XOM · Claim quote is verbatim from the 2021Q3 earnings call.