Exxon Mobil Corporation (XOM) CEO Darren Woods on Q1 2021 Results - Earnings Call Transcript

Exxon Mobil Corporation (NYSE:XOM) Q1 2021 Results Conference Call April 30, 2021 9:30 AM ET

Company Participants

Stephen Littleton - VP, IR and Secretary
Darren Woods - Chairman and CEO

Conference Call Participants

Devin McDermott - Morgan Stanley
Roger Read - Wells Fargo
Jeanine Wai - Barclays
Phil Gresh - JP Morgan
Doug Leggate - Bank of America
Neil Mehta - Goldman Sachs

Operator

Good day, everyone, and welcome to this Exxon Mobil Corporation First Quarter 2021 Earnings Call. Today’s call is being recorded.

And at this time, I’d like to turn the call over to the Vice President of Investor Relations and Secretary, Mr. Stephen Littleton. Please go ahead, sir.

Stephen Littleton

Thank you, and good morning, everyone. Welcome to our first quarter earnings call. We appreciate your participation and continued interest in Exxon Mobil. I am Stephen Littleton, Vice President of Investor Relations.

I’m pleased to welcome Darren Woods, Chairman of the Board and Chief Executive Officer of Exxon Mobil, who will be joining me for the call today. After I cover the quarterly financial and operational results, Darren will provide his perspective on the quarterly results and how we are positioned for 2021. Following those remarks, Darren and I’ll be happy to address any questions.

Our comments this morning will reference the slides available on the Investors section of our website. I would also like to draw your attention to the cautionary statement on slide 2 and to the supplemental information at the end of this presentation.

I’ll now highlight development since the fourth quarter of 2020 on the next slide. Across all three businesses, improved results reflect encouraging signs of the recovery from the pandemic as vaccinations are administered and some restrictions are lifted.

In the Upstream, liquids and gas realizations improved significantly versus the fourth quarter. Production