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CLAIM #64210 · Exxon Mobil Corp (XOM) · 2024Q4 earnings call · Jan 31, 2025 · due Jun 30, 2025

In Fawley, we're building a conversion facility to produce low-sulfur diesel. My expectation is we'll have that in early second quarter.

Darren Woods · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
we'll have that in early second quarter
Reported
We've started up our Fawley Hydrofiner project in the U.K.

In context

timing for some of the key projects driving that growth as we move through 2025, how the impact earnings through the year, and then when you expect to get to that full over $3 billion run rate. Thanks. Darren Woods: Yes, sure. Devin, thanks for the question. I think you're right. It's going to be a busy year with a lot of startups. I'll maybe just kind of walk through the key projects that we've been talking with you all about and start with the China Chemical Complex. We mechanically completed that at the end of last year. We've been going through startup sequencing and making sure that each piece of that kit is working as designed, and we'll bring all that integrated together. And my expectation is, we'll get it started up here sometime in the first quarter, back into the first quarter. In Fawley, we're building a conversion facility to produce low-sulfur diesel. My expectation is we'll have that in early second quarter. We've got two advanced recycling units that we are building at Baytown. So despite the Attorney General's accusations that these are myths, we've actually got two more units starting up, one in the second quarter and one in the fourth quarter, which continues to see a lot of interest by consumers for recycled product. And so that capacity is desperately needed to meet that customer demand. We've got all the modules that we need for the Strathcona Renewable Diesel, looking to basically try to get that started up here in the second quarter, expect that to happen. The other real big project that we've got is the Singapore Resid Upgrade Project. That is new-to-the-world technology. I feel really good about the progress we've made there. We've got all the vessels loaded with catalyst. Some of

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SEC filings for XOM · Claim quote is verbatim from the 2024Q4 earnings call.