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 : Two questions, if I could. First, Neil for Permian, you're talking about 800,000 barrels per day by 2027. That -- 2 parts, one is what is the longer-term sustainable (inaudible) that you guys are targeting? I think at one point many years ago, you guys were talking about 1 million barrel per day. Is that still roughly the number? And the capital investment for the next several years, should we assume that 2022 pace is a reasonable level? Or in order to reach that kind of production, we need to accelerate and see further investment over there? The second question, I think maybe is for either Neil or for Darren. When we're looking at the low-carbon solution investment, you are targeting return in excess of 10%. The corporate return margin excess on that or at least in your target of 17%. And then if we're looking at in your Upstream chemical, you are also better. So as you ship, which is lower return, how that is going to balance your design or your goal to push up your return and generate higher free cash flow?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : There are two questions. First, you're talking about the Rotterdam CCUS project could be sensed by the end of the year. Can you share with us that what EBITDA margin or internal rate of return you expect from the project? And what will be -- or what the corresponding assumption? That's the first question. The second question is that if we look at your carbon capture and sequestration technology. If Exxon technology is -- we need fundamentally different than the technology of other people? Or do you just believe you will be able to do it better than others?

Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst : Joe, any idea what is the EBITDA and CapEx related to this project on your share?