CLAIM #64004 · Exxon Mobil Corp (XOM) · 2022Q3 earnings call · Oct 28, 2022 · due Oct 28, 2024
“We continue to believe we're going to bring that in a little bit early and we're progressing the ones after that.”
Darren Woods · CEO
In context
“n in work. And so it's not -- we're not out trying to find something to work on. We're basically focused on delivering the pipeline that we've got. And we're bringing on -- as we talked about, we brought in Coral floating LNG out of Mozambique this quarter. That's additional capacity. We're progressing investments in Papua New Guinea. We've got Golden Pass here in the U.S., that's progressing very large LNG export terminal that should come online in 2024. That's going to probably increase the exports out of the Gulf Coast by 20%. So I think the capacity is there. It's just a function of the time it takes to build these very significant projects. And I would also tell you that if you look at on the crude side of the equation, we're making very good progress with the next poke into Guyana. We continue to believe we're going to bring that in a little bit early and we're progressing the ones after that. So I think the capacity is there. It's -- the challenge is executing efficiently so that you're getting -- you're spending your capital efficiently and then doing it in a way that brings it on an expedited fashion, which is what we're focused on doing. Kathryn Mikells: And then just the one thing I'd add is on the demand side, I think all companies that can are looking to conserve, especially LNG, so that it can be there for other use. So across our footprint in Europe, we've already kind of switched over 65% of our use of LNG to other fuel sources so that it can be there for other use. And I expect that other industry players are doing the same. Jennifer Driscoll: Thanks, Roger. Thanks, everybody, for your questions today. We will post the transcript of the Q&A session on our investor we”
Verify independently
SEC filings for XOM ↗ · Claim quote is verbatim from the 2022Q3 earnings call.