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Increased focus on monetization of less strategic assets to grow the portfolio of potential divestments,
including certain North American dry gas assets, contingent on buyer valuations.
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Woods said the business environment in the fourth
quarter is showing signs of improvement despite the resurgence in COVID-19 cases and accompanying economic restrictions.
Prices and margins for many of our businesses have improved from the third quarter and when coupled with continuing efforts to reduce spending and
capture additional efficiencies, quarter-to-date cash flow has improved versus our plan assumptions, he said.
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severity, length and ultimate impact of COVID-19 on people and economies, including the nature and pace of economic recovery as well as the ability of ExxonMobil and its vendors and contractors to maintain
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including environmental regulations, and timely granting of governmental permits; war, trade agreements and patterns, shipping blockades or harassment, and other political or security disturbances; opportunities for and regulatory approval of
potential investments or divestments; the capture of efficiencies within and between business lines and the ability to maintain near-term cost