Heres how to respond, Morrow Sodali top 40 activist quarterly ownership analysis - fourth quarter 2022, Cushman & Wakefield recruits general counsel, Applied Industrial Technologies hires new general counsel, Daimler Truck North America promotes general counsel to legal chief. His focus will be servicing DuWests existing landlord clients and selectively representing retailers and medical users while reinforcing DuWests presence as a dynamic results-oriented project brokerage firm. This press release also references structural cost savings. Copyright 2003-2023 Exxon Mobil Corporation. Furman joined the company as it began its turnaround, widely viewed as one of the most successful in U.S. retail history. ExxonMobil elects Matt Furman as vice president, public and government affairs; Suzanne McCarron to retire. 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. Robinson, a vocal advocate for racial equity, will work within the communities. To listen to the event or access an archived replay, please visit www.exxonmobil.com. This press release includes cash flow from operations and asset sales (non-GAAP). chairman and chief executive officer. DAmato received her post-graduate executive education from Harvard Business School and a bachelors degree from California State Polytechnic University, Pomona. Mikells holds an MBA from the University of Chicago. 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. Zelis received a masters degree in communications management from Northwestern University. Cerda earned her MBA at California State University, Long Beach, and her BBA from Pepperdine University. Ebner earned his JD from Tulane University and a bachelors degree from Bowdoin College. Peter Clarke 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. Show them how. Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. Peter Larden Identified Items Per Common Share (non-GAAP), Earnings/(Loss) Excl. Follow us on Twitter and LinkedIn . ExxonMobil announces full-year 2022 results IRVING, Texas - January 31, 2023 - Exxon Mobil Corporation today announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in full-year earnings of $55.7 billion, or $13.26 per share assuming dilution. Witts has previously served as CFO of Compass Group and Kingfisher Group, and held a number of senior roles at Vodafone and BT. 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. Positive drivers were volume and mix improvements driven by reliable operations and the Beaumont refinery expansion start-up and the absence of unfavorable prior-quarter unsettled derivatives. References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. She is a former CFO at Xerox, ADT, Nalco and United Airlines. 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. Robinson graduated from Dallas Baptist University with a bachelors degree in sociology and communication and a masters degree in communications. 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. President 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. President and General Manager The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. Personnel Moves: ExxonMobil VP and General Counsel To Retire. 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. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. Claim Your Free Employer Account. 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. board moves, CFOs, ExxonMobil, Kathryn Mikells. 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). This press release also includes total taxes including sales-based taxes. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. 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. Brings new meaning to the phrase Sunday Funday. This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. This press release also includes cash flow from operations and asset sales excluding working capital (non-GAAP). , The omicron variant has arrived in the U.S. as Biden's COVID-19 vaccine mandate for healthcare workers is blocked by a federal judge. Quinntine Dunford Director Of Operations Quinntine Dunford serves as the Director Of Operations of ExxonMobil. 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. United States. 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. 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. 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. Copyright 2023, D Magazine Partners, Inc. We use cookies to ensure that we give you the best experience on our website. Margaret Rogacki 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.. Improved finished lubes margins partially offset lower industry basestock prices. Fermata Energy brings Brian Zelis in as its national sales director and will lead its efforts to integrate V2X technology and software to utilities, universities, municipalities, and fleet owners throughout North America. 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. 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 . We are growing value by increasing production from our advantaged assets to meet global demand. 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. Australia LNG. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. Corporate and Financing reported net charges of $355 million. Health. The high quality of the directors, officers and employees of Exxon Mobil Corporation is the corporation's greatest strength. Enjoy unlimited access to all of our incredible journalism, in print and digital. 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. 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. These impacts were partially offset by robust cost control and seasonally lower expenses, the absence of year-end inventory effects, and favorable volume/mix effects from advantaged growth in the Permian, Guyana, and LNG. In addition, earnings were impacted by the absence of favorable year-end inventory impacts. We welcome Matt to ExxonMobil and will leverage his knowledge and experience to enhance our corporate communications, said Darren Woods, chief executive officer and chairman. , ExxonMobil will discuss financial and operating results and other matters during a webcast at 7:30 a.m. Central Time on April 28, 2023. Executes multiple high impact initiatives to achieve overall corporate goals. 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. 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. Our weekly 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. All Rights Reserved. The company's debt-to-capital ratio remained at 17% and the net-debt-to-capital ratio declined to about 4%, reflecting a period-end cash balance of $32.7 billion. DuWest Realty, a Dallas-based retail brokerage firm with over 5 million square feet and 180 properties under their watch, has hired veteran leasing expert Giancarlo GC Carriero as vice president of retail brokerage. Frequently Used Terms and Non-GAAP Measures. Morford was chief legal and compliance officer for Cardinal Health between 2008 and 2019. ExxonMobil picks successor to general counsel Oct 05, 2020 Randall Ebner retiring after more than 40 years at the company ExxonMobil Corporation's board has picked Craig Morford as the company's next vice president and general counsel. 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. 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. Identified items unfavorably impacted earnings by $158 million this quarter, down from $561 million in the previous quarter. In addition, two new exploration discoveries were made this year. ExxonMobil's key executives include Darren W. Woods and 13 others. Ebner joined Exxon Company, USA Law Department in May 1980 in New Orleans, and later became coordinator of Upstream litigation in Houston in 1998. 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). 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. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. Peter Larden Managing Director ExxonMobil PNG (Papua New Guinea) Limited DAmato will focus on the agencys global growth strategies as well as acquiring private equity accounts. The incumbent will help Burns Matthews & Partners - Los Angeles Active volunteer for many years, served on the board for 3 years and now on my second year as President of the . Company Info Exxon Mobil Corp. 5959 Las Colinas Boulevard. Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. Copyright IR Media Group Ltd. 1995 - 2023 All rights reserved. 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. 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. Anti-woke activism: A turning point for ESG? Compared to the same quarter last year, earnings increased $4.4 billion due to stronger industry refining margins, increased marketing and trading contributions, and favorable volume/mix impacts, partly offset by increased scheduled maintenance. Responsible for the development of functional or business unit strategy for the entire organization. Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. 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. See user submitted job responsibilities for CMO. 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. 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. . Jos Evens 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. 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 . To listen to the event or access an archived replay, please visit www.exxonmobil.com. Based in Houston, Peter is responsible for the end-to-end value chain management of ExxonMobils LNG business. They're typically responsible for managing the marketing professionals within an organization, and they report to the company's chief executive officer (CEO). HR Full Circle Consulting LLC - East Peoria She is a former CFO at Xerox, ADT, Nalco and United Airlines. IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Dollars in millions (except per share data), Earnings Excluding Identified Items (non-GAAP), Earnings Excluding Identified Items Per Common Share (non-GAAP). Our Client, an outsourced marketing service provider for law firms, is looking for a superstar chief marketing officer who can oversee and manage the company's marketing operation which includes Be the first to add EXXON MOBIL CORP CMO responsibilities. Philip Wong Projects or plans may not reflect investment decisions made by the company. 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 and Linde, one of the world's leading global industrial gases and engineering companies, have entered into a long-term commercial agreement in which ExxonMobil, subject to government permitting, will capture, transport, and permanently store up to 2.2 million metric tons of carbon dioxide (CO. Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. James Moretti serves as the Chief Operations Officer of ExxonMobil. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. Randall Ebner has announced his retirement from serving as vice president and general counsel for Exxon Mobil Corp., effective Nov. 1. Positive drivers were volume and mix improvements driven by reliable operations and the Beaumont refinery expansion start-up and the absence of unfavorable prior-quarter unsettled derivatives. Furman joins ExxonMobil from Best Buy Co. Inc., where he was chief communications and public affairs officer since 2012. Join to view profile ExxonMobil. Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. DAmato comes to Augustine with more than 30 years of commercial and investment banking experience in various industries. Compared to the same quarter last year, earnings increased $4.4 billion due to stronger industry refining margins, increased marketing and trading contributions, and favorable volume/mix impacts, partly offset by increased scheduled maintenance. 750 North St.Paul St. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. Free cash flow is the sum of net cash provided by operating activities and net cash flow used in investing activities. This press release also includes total taxes including sales-based taxes. Chief Marketing Officer (CMO) Location: Los Angeles, CA About the Company: A client of Burns Matthews & Partners is a rapidly growing startup, backed by an iconic CEO with multiple successful exits ISMG - Information Security Media Group - Princeton OneDayhas promoted Kelsey Rea to the director of people and culture at the video app company. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. Dominic Genetti 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. UT Dallas is paying students to get vaccinated. All website features may not be available based upon your cookie consent elections, Click. 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. She was the director of community affairs and youth outreach for nearly eight years. He also served as Special Counsel and Spokesman for the National Transportation Safety Board. ExxonMobil Upstream Oil & Gas Company. Head Of Marketing at ExxonMobil Dallas-Fort Worth Metroplex. 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. 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. 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)
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