Relative to 2019, estimated cumulative structural cost savings totaled $7.2 billion, which included an additional $0.3 billion in the first three months of 2023. Ebner joined the Exxon Companys US law department in May 1980 in New Orleans, where he worked as an attorney in the litigation group. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. 24 followers 8 connections. Based in Singapore, Philip provides oversight to ExxonMobil LNG logistics and shipping operations. , In addition to having more than 25 years of sales management experience in the automotive and real estate industry, Brian brings a depth of experience in EV adoption to help Fermata Energy expand its system and help combat climate change, increase energy resilience and reduce energy costs, said David Slutzky, president and CEO of Fermata Energy. Carriero was previously a VP of leasing with JLL in its third-party national mall and open-air platform. 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Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. Houston Area Parkinsons Society (HAPS) Jan 2010 - Present13 years 4 months. Fridays. Exxon Mobil adds first woman top-tier executive with external - Reuters Management uses these figures to improve comparability of the underlying business across multiple periods by isolating and removing significant non-operational events from business results. Show them how. Employees 62,000. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. Based in Houston, Peter is responsible for the end-to-end value chain management of ExxonMobils LNG business. ExxonMobil Marketing Manager Salary The average ExxonMobil Marketing Manager earns an estimated $140,675 annually, which includes an estimated base salary of $111,025 with a $29,650 bonus. Enjoy unlimited access to all of our incredible journalism, in print and digital. In 2001, Swiger moved to London as production vice president for Africa, and in 2003 was appointed production vice president for the Europe/Caspian/Russia region. The average salary for CMO at companies like EXXON MOBIL CORP in the United States is $461,400 as of March 28, 2023, but the range typically falls between $399,100 and $561,800. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. and depletion), Net income/(loss) attributable to noncontrolling interests, ExxonMobil share of income taxes of equity companies, Investments, advances and long-term receivables, Long-term obligations to equity companies, (9,000 million shares authorized, 8,019 million shares issued), (3,976 million shares at March 31, 2023, and 3,937 million shares at December 31, 2022), Additions/(Reductions) in debt with three months or less maturity, Cash dividends to ExxonMobil shareholders, Cash dividends to noncontrolling interests, Cash and cash equivalents at beginning of period, Net natural gas production available for sale, million To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Rea earned her bachelors degree in family and human services at John Brown University. Boards in the pharmaceutical and life sciences sector face increasingly difficult decisions, according to a We asked key figures what would help boards this year. After four years of bringing best-in-class media planning and buying capabilities for both traditional and digital media under one roof, Nuckols will continue to be the driving force behind the unrivaled department. Map. If you continue to use this site we will assume that you are happy with it. The average salary for CMO at companies like EXXON MOBIL CORP in the United States is $451,400 as of August 29, 2022, but the salary range typically falls between $390,500 and $549,700. Exxon Mobil Company Profile: Stock Performance & Earnings | PitchBook The Baton Rouge polypropylene expansion, which started up in December, delivered positive earnings and cash contribution during its first full quarter of operations. Optimization and Trading, ExxonMobil LNG Asia Pacific (EMLAP). ExxonMobil CEO and key executive team | Craft.co Crenshaw will focus on growing business through internal and external marketing strategies and providing senior communications counsel to clients in his new role. Gina Clark is executive vice president and chief communications & administration officer for AmerisourceBergen where she oversees strategic communications, marketing, government affairs, and corporate citizenship. Her leadership roles include positions at multi-billion-dollar multinational banks such as BNP Paribas US and Global Banking, Comerica Bank, and Bank of Americas Global Capital Markets. Our management team | Imperial - ExxonMobil Typically reports to ceo. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. Rea will lead several employee initiatives such as New Digs, which aims to combat work-from-home burnout by letting employees and their families work from an Airbnb in the location of their choosing, and Random Coffee, which connects employees across the company through random Zoom pairings. It operates through Upstream, Downstream, and Chemical segments. Forward-looking and other statements regarding our environmental, social and other sustainability efforts and aspirations are not an indication that these statements are necessarily material to investors or requiring disclosure in our filing with the SEC. The company believes it is useful for the Corporation and its investors to understand the total tax burden imposed on the Corporations products and earnings. At the same time, our Low Carbon Solutions team is rapidly growing this new business with an additional carbon capture, transportation and storage agreement that underscores the company's growing momentum in providing industrial customers with large-scale emission reduction solutions., 1 Scope 1 and 2 greenhouse gas emission estimates from ExxonMobil's operated assets (2022, compared to 2016 levels); the company is working to continuously improve its performance and methods to detect, measure and address greenhouse gas emissions. KEY FIGURES: MANUFACTURING THROUGHPUT AND SALES, Refinery throughput, thousand barrels per day (kbd), Energy Products sales, thousand barrels per day (kbd), Chemical Products sales, thousand metric tons (kt), Specialty Products sales, thousand metric tons (kt), KEY FIGURES: CAPITAL AND EXPLORATION EXPENDITURES, KEY FIGURES: YEAR-TO-DATE EARNINGS/(LOSS), 1 Computed using the average number of shares outstanding during each period; assuming dilution, ExxonMobil Announces First-Quarter 2023 Results, Internet Explorer presents a security risk. Lower liquids and natural gas realizations coupled with the absence of favorable mark-to-market impacts on unsettled derivatives, fewer days in the quarter, and higher scheduled maintenance negatively impacted results sequentially. Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. ExxonMobil Asia Pacific Pte Ltd (EMAPPL). Unless otherwise indicated, references to earnings, Upstream, Energy Products, Chemical Products, Specialty Products and Corporate and Financing segment earnings, and earnings per share are ExxonMobils share after excluding amounts attributable to noncontrolling interests. Frequently Used Terms and Non-GAAP Measures. Morford joined Irving, Texas-based ExxonMobil last year as deputy general counsel having previously worked at the US Department of Justice (DoJ) and in private industry. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. The company announced as of year-end 2022, it had reduced greenhouse gas emissions intensity of its operated assets by more than 10% and methane intensity by more than 50% relative to a 2016 baseline. ExxonMobil uses innovation and technology to deliver energy to a growing world. Plus DuWest Realty brings on leasing veteran as vice president of retail brokerage, Agents National Title hires operations manager, and more. Identified Items Per Common Share1 (non-GAAP), Earnings/(Loss) Excl. In 1999, he became president and general manager of Mobil Oil Canada, and was later appointed corporate production advisor at ExxonMobils headquarters in Irving, Texas. United States. Previous to her time with ExxonMobil, she served in various public affairs positions in the pharmaceutical and chemical industries. Newsroom | ExxonMobil Net production in the first quarter was 3.8 million oil-equivalent barrels per day, an increase of nearly 160,000 oil-equivalent barrels per day compared to the same quarter last year. 000 0000: 000000 00000: Exxon Mobil: Chief Executive Officer & Chairman: 000 0000: 0000000 0000: Exxon Mobil: Board Member: 000 . Peter Larden Managing Director ExxonMobil PNG (Papua New Guinea) Limited Defines corporate vision and strategy establishes company direction and focus. InterDigital, Inc. WILMINGTON, Del., April 24, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that Skip . Structural cost savings describe decreases in cash opex excluding energy and production taxes as a result of operational efficiencies, workforce reductions, and other cost-saving measures that are expected to be sustainable compared to 2019 levels. IL. and monthly updates will provide you with expert analysis, timely updates and comprehensive coverage of First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. Similarly, discussion of future carbon capture, transportation and storage, as well as biofuel, hydrogen and other plans to reduce emissions are dependent on future market factors, such as continued technological progress, policy support and timely rule-making and permitting, and represent forward-looking statements. These charts show the average base salary (core compensation), as well as the average total cash compensation for CMO in companies like EXXON MOBIL CORP in the United States. EXXON MOBIL CORP CMO Salary | Salary.com For convenience and simplicity, words such as venture, joint venture, partnership, co-venturer, and partner are used to indicate business and other relationships involving common activities and interests, and those words may not indicate precise legal relationships. The high quality of the directors, officers and employees of Exxon Mobil Corporation is the corporation's greatest strength. This was a decrease of $176 million versus the fourth quarter driven by lower financing costs. Executive moves: Amazon, PayPal, Neiman Marcus, ExxonMobil Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. We thank Randy for more than 40 years of service to the company, most recently as our general counsel, ExxonMobil CEO and chair Darren Woods says in a statement. Corresponding per share amounts are shown on page 1 and in Attachment II-a, including a reconciliation to earnings/(loss) per common share assuming dilution (U.S. GAAP). The deputy general counsel of Exxon Mobil Corp. has been elected by the company's board of directors to replace general counsel Randall Ebner when he retires in November, the company . Diligent Corporation, which was founded in 2001, is headquartered in New York, NY with a European HQ in London. Nuckols has also been recognized with two distinct industry awards, including the Norm Campbell Rookie of the Year and Media Planner of the Year.. Sherri Evers was appointed vice-president, commercial and corporate development, effective January 1, 2021. The company announced its final investment decision for the Uaru development in Guyana. Claim Your Free Employer Account. This is the fifth offshore project and is expected to provide an additional 250,000 oil-equivalent barrels per day of gross capacity with start-up targeted for 2026. Managing Director Projects or plans may not reflect investment decisions made by the company. The Baton Rouge polypropylene expansion, which started up in December, delivered positive earnings and cash contribution during its first full quarter of operations. This press release also includes cash flow from operations and asset sales excluding working capital (non-GAAP). Hough is Foxtons director of finance and company secretary, and will take over from current CFO Richard Harris in April. Global LNG Leadership Team | ExxonMobil LNG Dallas Habitat CEO, Dave Crawford emphasizes her immense policy experience working with the Dallas Police Department and her active commitment to creating a more diverse and equitable Dallas through her work with Dallas Truth, Racial Healing, and Transformation, as reasons she is right for this role. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. Net production in the first quarter was 3.8 million oil-equivalent barrels per day, an increase of nearly 160,000 oil-equivalent barrels per day compared to the same quarter last year. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. ExxonMobil elects Matt Furman as vice president, public and government The base salary for CMO in companies like EXXON MOBIL CORP range from $399,100 to $561,800 with the average base salary of $461,400. Edmund L.C. ExxonMobil Deputy General Counsel Elected to Become Legal Chief Report this profile . In addition, earnings were impacted by the absence of favorable year-end inventory impacts. ExxonMobil Executive Team | Comparably Randall Ebner has announced his retirement from serving as vice president and general counsel for Exxon Mobil Corp., effective Nov. 1. Copyright 2003-2023 Exxon Mobil Corporation. Projects or plans may not reflect investment decisions made by the company. For convenience and simplicity, those terms and terms such as Corporation, company, our, we, and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Partners with line of business leaders to ensure marketing programs and advertising expenditures support company revenue and growth objectives. In addition, two new exploration discoveries were made this year. Executive Bio. Randy has made significant contributions to ExxonMobil throughout his career, and we wish him all the best in his retirement., Randall Ebner retiring after more than 40 years at the company, Sign up to get stories direct to your inbox. Excluding divestments, entitlements and the Sakhalin-1 expropriation, net production increased nearly 300,000 oil-equivalent barrels per day driven by advantaged projects in Guyana and the Permian. I thank Suzanne for her many contributions to the companys success during her career and wish her all the best in retirement.. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. Diversity statistics challenged by new scorecard, Campaign calls for all investors to have an equal voice, Why we need to teach diversity, equity, and inclusion. Our people's hard work to execute on our strategic priorities delivered a record first quarter following a record year, said Darren Woods, chairman and chief executive officer. Before her promotion, Cerda served as vice president of human resources and operational excellence at Toyota Financial Services. In addition, historical, current, and forward-looking environmental, social and sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future, including future rule-making. This press release also references free cash flow (non-GAAP). Based in Singapore, Andrew is responsible for the ExxonMobil LNG sales and purchases portfolio and oversees the marketing of LNG for ExxonMobils equity projects and joint ventures. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. Going forward, Rea intends to continue to grow OneDays culture, guide their diversity, equity, and inclusion efforts, create a learning and development program, and start a program to give back to the Dallas community. Morford previously spent 20 years with the United States Department of Justice. Excluding the identified item associated with additional European taxes on the energy sector, earnings were $11.6 billion compared to $14.0 billion in the prior quarter. Codes of ethics are all well and good but they don't tell the whole story. Shareholders with a controlling interest influence not only financial matters but can also wield great Sustainability and net-zero commitments may not be enough. Margaret Rogacki We are growing value by increasing production from our advantaged assets to meet global demand. Statements related to outlooks; projections; descriptions of strategic, operating, and financial plans and objectives; statements of future ambitions and plans; and other statements of future events or conditions in this release, are forward-looking statements. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. Unless otherwise indicated, references to earnings, Upstream, Energy Products, Chemical Products, Specialty Products and Corporate and Financing segment earnings, and earnings per share are ExxonMobils share after excluding amounts attributable to noncontrolling interests. Shareholder distributions of $8.1 billion included $4.3 billion of share repurchases, keeping the company on track to repurchase up to $17.5 billion during the year. Susan Simmons joins Agents National Title Insurance as its new Southwest agency operations manager. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. Plus: FC Dallas in the playoffs and Dak Prescott's long-awaited return. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. Earnings/(loss) excluding identified items does include non-operational earnings events or impacts that are generally below the $250 million threshold utilized for identified items. He was named assistant general counsel in 2009, and the board elected him as general counsel and vice president in 2016. 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Actual future results, including financial and operating performance; total capital expenditures and mix, including allocations of capital to low carbon solutions; structural earnings improvement and structural cost reductions and efficiency gains, including the ability to offset inflationary pressure; plans to reduce future emissions and emissions intensity; ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050, plans to reach net zero Scope 1 and 2 emissions in Upstream Permian Basin unconventional operated assets by 2030, eliminating routine flaring in-line with World Bank Zero Routine Flaring, reaching near-zero methane emissions from its operations, meeting ExxonMobils emission reduction goals and plans, divestment and start-up plans, and associated project plans as well as technology efforts; timing and outcome of projects related to the capture, transportation and storage of CO2, and produced biofuels; changes in law, taxes, or regulation including environmental and tax regulations, trade sanctions, and timely granting of governmental permits and certifications; timing and outcome of hydrogen projects; cash flow, dividends and shareholder returns, including the timing and amounts of share repurchases; future debt levels and credit ratings; business and project plans, timing, costs, capacities and returns; and resource recoveries and production rates could differ materially due to a number of factors. In this role, she was accountable for strategy, investor relations, supply chain, procurement and finance. Swiger joined Mobil in 1978 as an operations engineer in Morgan City, Louisiana, after receiving a petroleum engineering degree from the Colorado School of Mines. Shareholder distributions of $8.1 billion included $4.3 billion of share repurchases, keeping the company on track to repurchase up to $17.5 billion during the year. Philip Wong Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. CA. References to resources or resource base may include quantities of oil and natural gas classified as proved reserves, as well as quantities that are not yet classified as proved reserves, but that are expected to be ultimately recoverable. This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Ms. Evers has worked for Imperial for over 22 years in a range of positions within the downstream, beginning in 1998 in the Edmonton marketing office. View the Cost of Living in Major Cities, Browse other Companies in the MFG Nondurable Industry, The CMO develops an end-to-end marketing function that delivers messaging, branding, digital presence, product support, demand generation, content, research, and thought leadership. ExxonMobil Corporations board has picked Craig Morford as the companys next vice president and general counsel. This press release also includes total taxes including sales-based taxes. Personnel Moves: ExxonMobil VP and General Counsel To Retire. AL. Provides overall vision, leadership, strategy, and execution of all marketing programs and initiatives of the organization. The main drivers were lower prices, with crude and natural gas realizations down 10% and 23%, respectively, and unfavorable unsettled derivatives mark-to-market effects of $2.0 billion, largely reflecting the absence of a positive mark-to-market impact in the prior quarter. , She is a former CFO at Xerox, ADT, Nalco and United Airlines. ExxonMobil elects Matt Furman as vice president, public and government affairs; Suzanne McCarron to retire. Kurtis Doscher email address & phone number | Exxonmobil Chief When the effect of these events is significant in aggregate, it is indicated in analysis of period results as part of quarterly earnings press release and teleconference materials. Andrew Swiger to retire as senior vice president of Exxon Mobil Corporation;Kathryn Mikells elected senior vice president and chief financial officer. Estimates of cumulative annual structural savings may be revised depending on whether cost reductions realized in prior periods are determined to be sustainable compared to 2019 levels. Identified items unfavorably impacted earnings by $158 million this quarter, down from $561 million in the previous quarter. Darren Woods, ExxonMobils chair and CEO, said: We welcome Kathy to ExxonMobil and look forward to the perspective and experience she brings as we work together to deliver on our strategies and increase shareholder value.. Dont just tell staff to behave ethically. The total change between periods in expenses above will reflect both structural cost savings and other changes in spend, including market factors, such as inflation and foreign exchange impacts, as well as changes in activity levels and costs associated with new operations. Chan Executive Legal Counsel at ExxonMobil Singapore 427 followers 430 connections Join to view profile ExxonMobil National University of Singapore, About Experienced General. Simmons has also spent nearly 20 years as director of operations, policy and recording manager, escrow officer, and asset manager and gaining experience in the lending industry. He was named executive vice president of ExxonMobil Production Company in 2004, and became president of ExxonMobil Gas & Power Marketing in 2006.
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