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Spx Flow Inc (FLOW) Q2 2021 Earnings Call Transcript

Spx Flow Inc (FLOW) Q2 2021 Earnings Call Transcript
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Colfax Corporation (CFX) Q2 2021 Earnings Call Transcript

Colfax Corporation (CFX) Q2 2021 Earnings Call Transcript
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ExxonMobil reports results for fourth quarter 2020 and provides perspective on forward plans

ExxonMobil reports results for fourth quarter 2020 and provides perspective on forward plans

Source: Reuters
Fourth quarter loss of $20.1 billion included unfavorable identified items of $20.2 billion, primarily non-cash impairments; earnings excluding identified items were $110 million, or $0.03 per share assuming dilution
Exceeded cost-reduction objectives, with 2020 capital spending of $21 billion below target by $2 billion; cash operating expense more than 15% below 2019, of which $3 billion is a structural reduction
Met 2020 methane emissions (15%) and flaring (25%) reduction targets versus 2016
1 , and announced 2025 emission reduction plans; projected to be consistent with the Paris Agreement
Management Perspectives on Forward Plans
Additional annual structural operating expense reductions of $3 billion expected by 2023, resulting in total annual structural reductions of $6 billion versus 2019 ....

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