“We said we're going to have 1.7 million barrels per day of gross capacity by 2030. And that we thought our production would be about 1.3 million, that was reflecting the best estimates of kind of how declines are working and the steps that are being taken.”

How to check this claim

Look at: Company production capacity (gross, barrels per day) and actual production (barrels per day) for the relevant asset/business line, as disclosed by the company

It came true if: Gross capacity approximately 1.7 million bpd (within 5%) and reported production approximately 1.3 million bpd (within 5%) by year-end 2030

Where: Company-disclosed production figures (10-K, investor day materials, or Q4 2030 earnings call commentary)

Verify independently

SEC filings for XOM ↗ · Claim quote is verbatim from the 2025Q2 earnings call.