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Author: Aussi ✧🐝  😊 😞
Number: of 12536 
Subject: Re: OXY
Date: 11/13/2024 1:50 PM
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No. of Recommendations: 1

Cost reductions are another key. XOM has now reduced op costs by over $11 billion annually in pursuit of their $15 billion goal by 2027.



From the recent earnings announcement, the cost savings is total, not annual:
 
"And across the entire company, we’ve achieved $11.3 billion of structural cost savings since 2019".

https://corporate.exxonmobil.com/news/news-release...

Aussi
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