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CLAIM #63978 · Exxon Mobil Corp (XOM) · 2022Q2 earnings call · Jul 29, 2022 · due Jul 29, 2023

Those will, over time, also drive additional efficiencies for us.

Kathy Mikells · CFO

PENDING
graded after results covering Jul 29, 2023 are reported

In context

when you think about our kind of longer projects that our global project group was executing in terms of ensuring that we were at that point in time when we were in a deflationary environment, really working hard with our service providers to extend contracts and looking to revised schedules associated with some of our projects but still moving the engineering forward on those things so that we could spool them up as the market environment improves. So we feel good about where we're at with our CapEx programs overall, and we feel good about the cost savings that we've -- that we're driving. I'd also say it isn't always going to look exactly the same kind of quarter-to-quarter. We obviously just made some significant changes in our organizational structure that were put in place in April. Those will, over time, also drive additional efficiencies for us. And we are working at constant, I'd say, pipeline in this area to ensure that we're both driving greater efficiency across the business, but also effectiveness, which is equally important. So I'd say we feel really good about where we're at. Operator: We'll go next to Stephen Richardson with Evercore ISI. Stephen Richardson: Great. Darren, I was wondering if you could talk a little bit about the refining outlook. It's probably a more volatile environment than we've seen in a long time, certainly with less Asian exports are certainly out of China and what's going on in Europe. So I was wondering if you could maybe just talk about that and based on your background, some insights there would be helpful. Darren Woods: Sure. Happy to do that, Stephen. Thanks for calling in. Yes, you say it's a

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SEC filings for XOM · Claim quote is verbatim from the 2022Q2 earnings call.