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CLAIM #64224 · Exxon Mobil Corp (XOM) · 2024Q4 earnings call · Jan 31, 2025 · due Dec 31, 2030

we would see $2 billion in earnings growth kind of between now and 2030.

Kathy Mikells · CFO

PENDING
graded after results covering Dec 31, 2030 are reported

How to check this claim

Look at: Cumulative earnings growth from Low Carbon Solutions business (CCS, hydrogen, lithium combined), measured versus current baseline

It came true if: Low Carbon Solutions earnings growth >= $2 billion by 2030 versus the baseline level referenced at the time of this statement

Where: Company-disclosed segment/business earnings figures (10-K, investor day materials, or management commentary on Low Carbon Solutions earnings)

In context

od about having a very robust system that we can then ensure customers that, when we commit to capture their CO2 and store it, that we can effectively do that and manage any of the variables that kind of come along the pike. And so that's how we're looking at it. We've got pretty aggressive growth plans in this space. But again, all dependent upon customer interest and customers' willingness to engage in long-term contracts. And so that's what we're continuing to work on. Like I said, a lot of interest in this space, given our unique abilities. Kathy Mikells: Yeah. And what we said back at the corporate plan is, when we look at our low-carbon solutions business in its entirety, right, so obviously the CCS opportunities you just talked about, but hydrogen, lithium, everything all together, we would see $2 billion in earnings growth kind of between now and 2030. Obviously, that'll come as we pick up momentum and start to implement the projects that we've been talking about. Operator: The next question is from Biraj Borkhataria of Royal Bank of Canada. BirajBorkhataria: I just wanted to get some perspective on the chemicals market. You show a helpful slide every quarter on the margins related to a 10-year average. Obviously, the chems margin has been well below that very consistently. So do you see any signs of green shoots in that space, either regionally or product-wise, that you can talk about? And as a quick follow-on to that separately, are you able to disclose your reserve replacement ratio for the year, both total and organic? Thank you. Darren Woods: Yes. Good morning, Biraj. I'll start with that and see if Kathy has anything she wants to

Verify independently

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