Betty's questions to Exxon Mobil Corp (XOM) leadership • Q1 2025
Question
An analyst, identified as Betty, asked about the specific market conditions that would prompt ExxonMobil to exercise its portfolio flexibility versus maintaining its current operational momentum.
Answer
Darren Woods, Chairman and Chief Executive Officer, responded that the company is not forced to act but has the choice to do so to maximize Net Present Value (NPV). He explained that the decision involves assessing multiple variables, including market direction, long-term supply costs, operational momentum, and contractor costs. Woods emphasized that while there is no simple trigger, the company is continuously evaluating these factors to optimize value, especially in a low-price environment.