To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix improvements, and cost and execution efficiencies, Increased oil and gas net production by nearly 300,000 oil-equivalent barrels per day versus first-quarter 2022, excluding divestments, entitlements, and Sakhalin-1 expropriation, Started up the Beaumont Refinery expansion and reached full capacity of 250,000 barrels of production per day to help meet global demand, Announced final investment decision for the Uaru offshore development and two new discoveries in Guyana, Grew Low Carbon Solutions business with the execution of a new long-term customer contract for carbon capture, transportation, and storage. This press release includes cash flow from operations and asset sales (non-GAAP). Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. The Corporation declared a second-quarter dividend of $0.91 per share, payable on June 9, 2023, to shareholders of record of Common Stock at the close of business on May 16, 2023. 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. CA. Receive independent news, thoughtful journalism & expert insights about leadership, corporate governance & key boardroom issues straight to your inbox every week. Ebner earned his JD from Tulane University and a bachelors degree from Bowdoin College. What does a CMO do at companies like EXXON MOBIL CORP? Claim Your Free Employer Account. ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the worlds growing energy needs. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. 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. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. She is currently pursuing a Doctor of Education in organizational change and leadership at the University of Southern California. Swiger was elected senior vice president and a member of the management committee in 2009 and became principal financial officer in 2013. Kathryn Mikells joins ExxonMobil as chief financial officer - Board Agenda In her new role, Stockstill will Medical technology firm Becton Dickinson and Company (BD) has named Michelle Quinn as executive vice president and general counsel for the company NYSE-listed Cushman & Wakefield has recruited Noelle Perkins to become executive vice president, general counsel and corporate secretary, Starbucks Coffee Company has hired Brad Lerman as executive vice president and general counsel. Stay informed on the latest trends and developments In addition, two new exploration discoveries were made this year. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. Mortlock has been the energy infrastructure company's chief operating officer since 2019, and will take over as CEO from Alan Foy on 1 March. 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 . The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals. Before entering the corporate sector, Furman worked in various public sector positions including as Director of Communications for the Federal Emergency Management Agency and the New York City Mayors Office of Emergency Management. Identified Items (non-GAAP), Net production of crude oil, natural gas liquids, bitumen and synthetic oil, thousand barrels per day (kbd), Net natural gas production available for sale, million cubic feet per day (mcfd). , Chief Marketing Officer Lead Planner @ ExxonMobil; Project Superintendent and Advisor @ ExxonMobil; Senior Field Engineer @ CH2M HILL; . 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. 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. Map. 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. 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. Based in Singapore, Philip provides oversight to ExxonMobil LNG logistics and shipping operations. This report from Board Agenda and Mazars, in assoc An internal investigation must be handled meticulo FREE - Add your company profile to our Corporate & Advisory Directory. ExxonMobil PNG (Papua New Guinea) Limited. 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. Gina Clark - AmerisourceBergen 2 The emission reduction outcome of this project is subject to the timing and regulatory approval of necessary permits, acquisition of rights of way, changes in regulatory policy, supply chain disruptions, and other market conditions, Dollars in millions (unless otherwise noted), Earnings and volume summary by segment: Energy Products, 1 Based on ExxonMobil estimates using historical benchmarking results from Solomon Associates, Cash Flow from Operating Activities (U.S. GAAP), Cash Flow from Operations and Asset Sales (non-GAAP), Cash Flow from Operations and Asset Sales excluding Working Capital (non-GAAP), Dollars in billions (unless otherwise noted), From ExxonMobil's Consolidated statement of income (U.S. GAAP), ExxonMobil's share of equity company expenses (non-GAAP), Total adjusted operating costs (non-GAAP), Total cash operating expenses (cash opex) (non-GAAP), Total cash operating expenses (cash opex) excluding energy and production taxes (non-GAAP). Ebner was appointed assistant general counsel in 2009, and then general counsel and vice president in 2016. A former director of marketing at Starbucks and Microsoft, Jessica Shapirojoins LiveRamp as chief marketing officer, as the leading data enablement platform looks to generate more than a half-billion dollars in revenue this fiscal year. She is a former CFO at Xerox, ADT, Nalco and United Airlines. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. Managing Director In addition, CMO identifies potential markets, customer segments, and products to explore. Optimization and Trading, ExxonMobil LNG Asia Pacific (EMLAP). Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. Website. 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. Morford previously spent 20 years with the United States Department of Justice. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. Previously she was chief financial officer at Xerox, ADT, Nalco and United Airlines. HudsonLake and Hudson Studio have merged and promoted communication professionals Kim Cerda to chief human resources officer and Quinton Crenshaw to chief marketing officer at its Dallas base. Improved finished lubes margins partially offset lower industry basestock prices. Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. Houston Area Parkinsons Society (HAPS) Jan 2010 - Present13 years 4 months. Activewear brand Vuori has hired Libby Stockstill as the companys first general counsel and corporate secretary. James Moretti Chief Operations Officer James Moretti serves as the Chief Operations Officer of ExxonMobil. A reconciliation of production excluding divestments, entitlements, and government mandates to actual production is contained in the Supplement to this release included as Exhibit 99.2 to the Form 8-K filed the same day as this news release. 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. ISMG offers news, views, research, education ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 16 days ago, LA Jazz Festival - Los Angeles No spam, ever. Global LNG Leadership Team | ExxonMobil LNG She will take up her new role next month, when current CFO Andrew Swiger steps down after 43 years at the company. 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. Mikells joins ExxonMobil from Diageo plc, where she held the position of chief financial officer since 2015 and was a member of the board of directors. Mark Batis, Texas agency manager at ANTIC, recognizes Simmons wealth of experience as she has worked at all levels of the title industry, from local independent agencies to large national and international underwriters.. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. He is on the Board of Directors at Colorado School of Mines Foundation, U . McCarron, who has been vice president since 2016, joined Mobil in 1998 as a manager in public affairs in Canada. 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. Quinntine Dunford Director Of Operations Quinntine Dunford serves as the Director Of Operations of ExxonMobil. Previously, Furman was the vice president of corporate affairs at Mars Chocolate and held senior communications positions at Google and CNN. Vice President of Global LNG Marketing and Chairman - ExxonMobil LNG Market Development: 000 0000: 000000 00000: Self: Board Member & Member of Compensation (Chair); Environment, Safety and Public Policy Committee . Irving Texas 75039. Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. To help you find the right contact for your request, take a look at our people profiles below. 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. 4 . Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. Witts has previously served as CFO of Compass Group and Kingfisher Group, and held a number of senior roles at Vodafone and BT. Before that, a partner at Tricom/MGHerring. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Margaret Rogacki CA. Andrew Swiger to retire as senior vice president of Exxon Mobil Corporation;Kathryn Mikells elected senior vice president and chief financial officer. This press release also includes earnings/(loss) excluding identified items (non-GAAP), which are earnings/(loss) excluding individually significant non-operational events with, typically, an absolute corporate total earnings impact of at least $250 million in a given quarter. Corporate and affiliate officers | ExxonMobil Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. We are growing value by increasing production from our advantaged assets to meet global demand. https://events.irmagazine.com/mandaforum/, Executive compensation disclosure handbook, Investors are asking about ESG. Compensation data tools, salary structures, surveys and benchmarks. She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. Because of the regular nature of our asset management and divestment program, the company believes it is useful for investors to consider proceeds associated with the sales of subsidiaries, property, plant and equipment, and sales and returns of investments together with cash provided by operating activities when evaluating cash available for investment in the business and financing activities. Enjoy unlimited access to all of our incredible journalism, in print and digital. The company believes it is useful for investors to consider these numbers in comparing the underlying performance of the company's business across periods when there are significant period-to-period differences in the amount of changes in working capital. These include global or regional changes in the supply and demand for oil, natural gas, petrochemicals, and feedstocks and other market factors, economic conditions and seasonal fluctuations that impact prices and differentials for our products; government policies supporting lower carbon investment opportunities such as the U.S. Inflation Reduction Act or policies limiting the attractiveness of future investment such as the additional European taxes on the energy sector; variable impacts of trading activities on our margins and results each quarter; actions of competitors and commercial counterparties; the outcome of commercial negotiations, including final agreed terms and conditions; the ability to access debt markets; the ultimate impacts of COVID-19 or other public health crises, including the effects of government responses on people and economies; reservoir performance, including variability and timing factors applicable to unconventional resources; the level and outcome of exploration projects and decisions to invest in future reserves; timely completion of development and other construction projects; final management approval of future projects and any changes in the scope, terms, or costs of such projects as approved; government policies and support and market demand for low carbon technologies; war, civil unrest, attacks against the company or industry and other political or security disturbances; expropriations, seizure, or capacity, insurance or shipping limitations by foreign governments or laws; opportunities for potential investments or divestments and satisfaction of applicable conditions to closing, including regulatory approvals; the capture of efficiencies within and between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies; unforeseen technical or operating difficulties and unplanned maintenance; the development and competitiveness of alternative energy and emission reduction technologies; the results of research programs and the ability to bring new technologies to commercial scale on a cost-competitive basis; and other factors discussed under Item 1A. Dominic Genetti To learn more, visit www.exxonmobil.com and the Energy Factor . Show them how. Being a CMO builds and develops the teams and technology required to collect, test, measure, and analyze marketing metrics necessary to identify trends in the marketplace, program effectiveness, and consumer behavior. Edmund L.C. Chan - Executive Legal Counsel - ExxonMobil - LinkedIn Salary.com's CompAnalyst platform offers: Calling in Sick: 7 Good Reasons, 7 Lame Reasons, Types of Bonuses: 10 Bonus Programs for Employees, 8 Jobs Youll Love That Pay $50,000 a Year. She previously served as the first Black woman to head community relations of the Dallas Police Department. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. 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. 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. Executive moves: Amazon, PayPal, Neiman Marcus, ExxonMobil Hough is Foxtons director of finance and company secretary, and will take over from current CFO Richard Harris in April. All website features may not be available based upon your cookie consent elections, Click. 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. Copyright 2003-2017 Exxon Mobil Corporation. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. Diligent Corporation, which was founded in 2001, is headquartered in New York, NY with a European HQ in London. Dan Clark. Sherri Evers was appointed vice-president, commercial and corporate development, effective January 1, 2021. 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. 000 0000: 000000 00000: Exxon Mobil: Chief Executive Officer & Chairman: 000 0000: 0000000 0000: Exxon Mobil: Board Member: 000 . The ExxonMobil Global LNG business team spans many countries across a number of continents. 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. Report this profile . 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. Cerda earned her MBA at California State University, Long Beach, and her BBA from Pepperdine University. A reconciliation of production excluding divestments, entitlements, and government mandates to actual production is contained in the Supplement to this release included as Exhibit 99.2 to the Form 8-K filed the same day as this news release. Join to view profile ExxonMobil. cubic feet per day (mcfd), Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix improvements, and cost and execution efficiencies, Increased oil and gas net production by nearly 300,000 oil-equivalent barrels per day versus first-quarter 2022, excluding divestments, entitlements, and Sakhalin-1 expropriation, Started up the Beaumont Refinery expansion and reached full capacity of 250,000 barrels of production per day to help meet global demand, Announced final investment decision for the Uaru offshore development and two new discoveries in Guyana, Grew Low Carbon Solutions business with the execution of a new long-term customer contract for carbon capture, transportation, and storage. Our weekly Augustine Agency hires Barbara DAmato, who will serve as a board advisor to the agency. All Rights Reserved. Erich Stephen - Head Of Marketing - ExxonMobil | LinkedIn Management Committee | ExxonMobil 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. Newsroom | ExxonMobil Furman has a law degree from the American University School of Law and holds a bachelors degree from the State University of New York at Binghamton. 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. Dan Turco Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. 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. Personnel Moves: ExxonMobil VP and General Counsel To Retire Exxon Mobil Corp. XOM (U.S.: NYSE) - The Wall Street Journal Projects or plans may not reflect investment decisions made by the company. Individual opportunities may advance based on a number of factors, including availability of supportive policy, technology for cost-effective abatement, and alignment with our partners and other stakeholders. Net income/(loss) including noncontrolling interests, Net income/(loss) attributable to ExxonMobil, Earnings per common share - assuming dilution (U.S. dollars), Other assets, including intangibles - net, Net cash provided by operating activities, Net cash provided by (used in) financing activities, Increase/(Decrease) in cash and cash equivalents, Cash and cash equivalents at end of period, Earnings/(Loss) Excluding Identified Items (non-GAAP), Earnings/(Loss) Per Common Share1 (U.S. GAAP), Earnings/(Loss) Excl. A reconciliation to total taxes is shown in Attachment I-a. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. James Moretti Chief Operations Officer at ExxonMobil. During his more than 20 years with the DoJ, Morford had assignments as US attorney in Michigan and Tennessee and as first assistant US attorney in Ohio. Randall Ebner has announced his retirement from serving as vice president and general counsel for Exxon Mobil Corp., effective Nov. 1. President Crenshaw will focus on growing business through internal and external marketing strategies and providing senior communications counsel to clients in his new role. Chief Marketing Officer Location: Princeton, NJ Information Security Media Group is a global education and intelligence company focused on cybersecurity. Exxon Mobil Corporation officers D. W. Woods Chairman of the Board (1) N. A. Chapman Senior Vice President (1) K. A. Mikells Senior Vice President and Chief Financial Officer (1) J. P. Williams, Jr. Senior Vice President (1) D. L. Ammann Vice President J. R. Chapman Vice President, Tax and Treasurer (1) Throughout this press release, both Exhibit 99.1 as well as Exhibit 99.2, due to rounding, numbers presented may not add up precisely to the totals indicated. 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. The high quality of the directors, officers and employees of Exxon Mobil Corporation is the corporation's greatest strength. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Morford is currently deputy general counsel. Dave Brownell Senior Vice President Global Operations This is a broader indicator of the total tax burden on the Corporations products and earnings, including certain sales and value-added taxes imposed on and concurrent with revenue-producing transactions with customers and collected on behalf of governmental authorities (sales-based taxes). 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). Earnings excluding identified items is not meant to be viewed in isolation or as a substitute for net income/(loss) attributable to ExxonMobil as prepared in accordance with U.S. GAAP. To contact anyone on our team, please use our contact us form and check the appropriate filter for your requirements. , All Rights Reserved. She was the director of community affairs and youth outreach for nearly eight years. IL. 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. ExxonMobil Marketing Manager Salary | Comparably University of California, Los Angeles. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. Mikells holds an MBA from the University of Chicago. A reconciliation to total taxes is shown in Attachment I-a. Andrew Barry Vice President Global LNG Marketing Based in Singapore, Andrew is responsible for the ExxonMobil LNG sales and purchases portfolio and oversees the marketing of LNG for ExxonMobil's equity projects and joint ventures. Copyright 2003-2023 Exxon Mobil Corporation. 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. Excluding identified items, earnings declined $1.1 billion year over year, driven by a 23% decrease in crude realizations, partly offset by higher production volumes. chairman and chief executive officer. Randall Ebner has announced his retirement from serving as vice president and general counsel for Exxon Mobil Corp., effective Nov. 1. How much does a CMO make at companies like EXXON MOBIL CORP in the United States? In 1998 he became co-ordinator of the firms upstream litigation work in Houston and undertook what the company calls several special assignments before becoming chief attorney of ExxonMobil Chemical Company in 2000 and chief attorney of ExxonMobil Gas & Power Marketing Company in 2003.