Exxon Mobil Corp Investor Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : I have 2 questions. The first 1 is for Darren. Your peers in Europe, they're taking a somewhat different approach, far more aggressive in the energy transition plan. And a lot of them, I think as a formal part at how to reduce the exposure in the oil and gas segment. So from Exxon, Darren, if we look really long term, 10, 20 years, do we still look at Exxon as a global oil and gas company that will do a lot of the carbon sequestration manufacture so that it will reduce your carbon footprint or that you could also be just a global energy? And over time, say, the next 5 years, but over much longer time, you will foresee your legacy oil and gas and refinances have become a far smaller domain of your overall business. So that's the first question. The second question, in the carbon sequestration and carbon capture on what you call the Low Carbon Solution. Should we look at that going to be rewarded as a revenue corporate center or that is a causation center to facilitate your other business?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Can I just follow up and ask that from that standpoint, not so much about the next 3 or 4 years. When you look beyond 2025, will you foresee the company the tactical allocation to the oil and gas upstream set and the refining start to reduce compared to your historical range? Or that's still too early on the time line?