CLAIM #70436 · Exxon Mobil Corp (XOM) · 2026Q2 earnings call · Jul 31, 2026 · due Dec 31, 2030
“And again, we're at $16.3 billion cumulative year-to-date, and we plan to get to $20 billion by 2030.”
Neil Hansen · CFO
In context
“Neil Hansen (Senior Vice President and Chief Financial Officer (CFO)): Maybe just additional point on that, Darren, just to demonstrate the progress that we've made. Darren mentioned the year-over-year comparison. But if you took our cash expenses this year and you just annualized it, our cash OpEx would look even with 2019. And again, that's with all the growth that we've had. You mentioned the inflationary impacts. I think it just demonstrates the hard work and the focus that we have on removing costs across the enterprise. And that's regardless of the market conditions, that's regardless of how much we make in a specific quarter. And it also, as Darren mentioned, demonstrates the power of the model that we have. And again, we're at $16.3 billion cumulative year-to-date, and we plan to get to $20 billion by 2030. So again, really good progress, and it's pretty impressive to see how we've been able to offset some of the impacts that you mentioned, Sam.”
Verify independently
SEC filings for XOM ↗ · Claim quote is verbatim from the 2026Q2 earnings call.