Exxon Mobil Corp Q1 2021 Earnings Call Summary - Thomson StreetEvents

Exxon Mobil Corp Q1 2021 Earnings Call Summary

Exxon Mobil Corp Q1 2021 Earnings Call Summary - Thomson StreetEvents
Exxon Mobil Corp Q1 2021 Earnings Call Summary
Published Apr 30, 2021
21 pages (12759 words) — Published Apr 30, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of XOM.N earnings conference call or presentation 30-Apr-21 1:30pm GMT

  
Brief Excerpt:

...A. Highlights: Across all three businesses, improved results reflect encouraging signs of recovery from pandemic as vaccinations are administered and some restrictions are lifted. 1. 2. In Upstream, liquids and gas realizations improved significantly QoverQ. Production was higher, driven by lower government mandated curtailments and higher seasonal gas demand in Europe. a. b. As part of ongoing efforts to high-grade Co.'s portfolio, announced sale of most non-operated assets in UK central and northern North Sea. i. Sale price of more than $1b is subject to closing adjustments and has potential upside of approx. $300m in contingent payments based on commodity prices. 3. In Downstream, realizing improvements in North America refining margins. In Europe, margins remained impacted by COVID lockdowns. a. b. While Co. has seen improved demand for gasoline and diesel, jet demand remains impacted by global travel restrictions. c. During winter storm, Texas refiners were able to provide power to...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Exxon Mobil Corp
Ticker
XOM.N
Time
1:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Exxon Mobil Corp Q1 2021 Earnings Call Summary" Apr 30, 2021. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-Exxon-Mobil-Corp-Earnings-Call-B14659750>
  
APA:
Thomson StreetEvents. (2021). Exxon Mobil Corp Q1 2021 Earnings Call Summary Apr 30, 2021. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-Exxon-Mobil-Corp-Earnings-Call-B14659750>
  
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