MAAT INDEX

CLAIM #64168 · Exxon Mobil Corp (XOM) · 2024Q2 earnings call · Aug 2, 2024 · due Dec 31, 2025

But I would just condition that with the teams are just getting back up and running, and they have a clear mandate to try to bring that in as effectively as they can. And my -- again, my expectation is it will do better than we currently think, but we've got work to do.

Darren Woods · CEO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
my expectation is it will do better than we currently think, but we've got work to do
Reported
Our view today is that numbers are even bigger

In context

So that strategy is beginning to manifest itself. On your Golden Pass project, so we've just gotten through -- the venture just reached a settlement with Zachry. And so that venture is in the process of kind of restaffing and getting started back up again. Obviously, we are in the very early days of that. So there is still more work to be done. And of course, the teams are very focused on getting back to work, effectively executing and bringing that project in as quickly as they can and as close to the original schedule as they can. Right now, our estimate is we are going to see about a six month slippage. So we had anticipated kind of first LNG in the middle of next year. We now are looking at probably the back end of 2025 for first LNG. And that is kind of where the current schedule is. But I would just condition that with the teams are just getting back up and running, and they have a clear mandate to try to bring that in as effectively as they can. And my -- again, my expectation is it will do better than we currently think, but we've got work to do. Biraj Borkhataria: Yeah, understood. Thank you very much. Darren Woods: Thank you Biraj. Operator: The next question is from Stephen Richardson with Evercore. Stephen Richardson: Hi, thank you. I was wondering if you could circle back. I appreciate all the conversations about the projects and projects execution and how you've got a number of really important and interesting projects coming on in the Downstream in short order. Just wondering, you've added seemingly quite a bit of length to your Upstream portfolio over the last number of years. And as you think out beyond '26, '27, Darren are the teams continuing to bring you new and interesting projects in E&PS? And do you think continuing that kind of pace of integration out in the plan horizon is still interesting. Maybe you could just t

Verify independently

SEC filings for XOM · Claim quote is verbatim from the 2024Q2 earnings call.