“And ultimately, as we look at the combination of Downstream and Chem over that period of time, looking to triple earnings and so it is a strong component of what sits behind tripling earnings.”

In context

“e next few years and high grading the business. And so I just wanted to hopefully get some context around the comment about 7% growth in Performance Products volumes, can you help us understand what types of earnings uplift that provides, and how you think about earnings growth within that Performance Products business moving forward? Kathy Mikells: Yes. So I’d go back to the corporate plan disclosures we had where we talked about both within Chem and within Downstream, our focus on growing high-value, higher-margin projects, which would include low-emission fuels, and it would include high-performance lubricants in our lubricants portfolio as well as what we would describe as Chemical performance products and looking to double the volume of those products kind of over the planned period. And ultimately, as we look at the combination of Downstream and Chem over that period of time, looking to triple earnings and so it is a strong component of what sits behind tripling earnings, but I’d also say, and this comes through our breakeven analysis, continuing to reduce the structural costs within the business across all elements of the business also are a driver of that increased cash flow and earnings power. So that’s how I would think about how we’re looking to continue to upgrade the mix within both Downstream and Chemical. Darren Woods: And maybe just a little bit of color commentary with respect to when we talk about performance, say, in the chemical company, what drives that and it’s built on a pretty fundamental competitive advantage with respect to our technology capabilities and the work that we do with catalyst. And the developments that we’ve made give many of our chemical products unique characteristics, characteristics in use. So that’s a really important”