The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: John Macalister Royall - JPMorgan Chase & Co, Research Division - Analyst
: So my question is on the CapEx. Could you maybe help us bridge the top end that you're guiding to now for this year versus maybe
the midpoint? It's a tight range, so not super material. But just any color there would be helpful.
And then I know you'll give your update in December, but is there any color you can give us directionally on what you're thinking
of for next year on the legacy business prior to layering in Pioneer? Just anything on the moving pieces for CapEx next year would
be great.
Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst
: Neil, the industry in the Permian, whether it's for emission reason or for cost efficiency, seems to move and turn to electricity the
operation as much as we could. Can you share with us, where is Exxon in that journey? How far are you in terms of electrify your
operation in the Permian?
And when you're comparing to Pioneer, I don't know whether you have the information that you can share and whether that you
guys are ahead of them or that this will be part of the 2 billion of the synergy benefit, or that if you're going to do more aggressively
on that, this is going to be on top.
Question: Paul Cheng - Scotiabank Global Banking and Markets, Research Division - Analyst
: And Neil, just the saving from your -- the electrification is already built in into that $2 billion synergy benefit?
Question: Joshua Ian Silverstein - UBS Investment Bank, Research Division - Analyst
: On the Pioneer acquisition call, you had mentioned that the inventory of the combined companies in the Permian was around 15,
20 years. I was just curious how that may be split between the Pioneer asset and your Delaware asset. And does it contemplate the
accelerated growth rate you previously outlined, longer laterals or potential plateau? So I'm just curious to get some more details
there because there was a view of Pioneer having over 20 years of inventory. So any more details there would be helpful.
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OCTOBER 27, 2023 / 12:30PM, XOM.N - Q3 2023 Exxon Mobil Corp Earnings Call
Question: Joshua Ian Silverstein - UBS Investment Bank, Research Division - Analyst
: Yes. Got it. Well, if there was just any more details just on -- as far as like what your split may be of that 16 billion versus what theirs
may be.
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