OpEx in the quarter was $692 million, down $60 million sequentially. These significant savings were driven by disciplined expense management and lower variable compensation.

Nov 21, 2023 / receipt, needs a key / Jim Mollica, CFO | earnings call 2023-11-21 | transcript 6cc2bb9c-fdc3-4f06-81e7-2a5702187948 | chars 11889-12062 | segment 12

And then on the OPEC side, the return to work face-to-face sort of operation suggests maybe we start spending on travel and things like that.

May 19, 2021 / receipt, needs a key / William Stein, other | earnings call 2021-05-19 | transcript 66205b3b-92a4-4d2c-aaa5-0238ee24d937 | chars 33683-33824 | segment 35

But my sense is, you know, on the OPEC side of things, we will probably not get back to per capita travel spend, entertainment spend, and so on and so forth.

May 19, 2021 / receipt, needs a key / Vince, other | earnings call 2021-05-19 | transcript 66205b3b-92a4-4d2c-aaa5-0238ee24d937 | chars 35163-35320 | segment 36

On the discretionary side, we've already frozen hiring. We've essentially got travel at zero. We've exited consultants and any discretionary contractors and perhaps most impactful is we've deferred our merit increase, which is usually two to 3% year over year.

May 20, 2020 / receipt, needs a key / Prashant, CFO | earnings call 2020-05-20 | transcript 6d640712-fa06-46f8-9a11-1c61f0ec2c68 | chars 30073-30333 | segment 30

Some of that is clearly actively managing the spend levels down, but some of it is also the result of this COVID situation where travel is at a freeze.

May 20, 2020 / receipt, needs a key / Prashant, CFO | earnings call 2020-05-20 | transcript 6d640712-fa06-46f8-9a11-1c61f0ec2c68 | chars 36299-36450 | segment 37

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company_statement / Sep 16, 2026 / receipt

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