From what I've read on forums you'd think "Volvo" means "sludge" in English. Just joking guys. But they do seem prone to oil consumption.
Starting in the early 2010s when they went to low tension piston rings and 10000mi oil changes and their first stan at di 4 cylinder turbo.
I have or maintain 7 of these:
4 with the 6 cyl (turbo and non turbo), that don't burn any, maybe a 1/4 qt. over the 5k oci. Use
Mobil 1 FS 0w40 or Valvoline Restore and Protect.
2 with the t5 (Volvo extended warranty due to oil burning) that I solved with a berrymans soak and 5k changes with extra quality oil (better than A5/b5 spec; a40 mb 229 and/or bmw ll) before they extended the warranty. Using Valvoline Restore and Protect now because why not

. The one I own, I started doing 5k changes with a5/b5 oil around 30k and it still wound up burning at about 70k. I think the first few 10k runs with dealer slop got the rings gummed up already. Soak at 70k and at 130k now with 1/2 qt max consumption over 5k.
1 with the 4 cylinder turbo, using Volvo rbs spec oil 0w20. Uses no oil either. Its a later, 2019, vea engine where they solved the oil burning issues.
With the exception of the early 4 cylinder turbo vea engines, there's a way to have them not burn oil. The early vea's need new pistons and rings. No amount of oil changes or oil quality will stop those.