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. Based in Singapore, Philip provides oversight to ExxonMobil LNG logistics and shipping operations. This press release also includes cash flow from operations and asset sales excluding working capital (non-GAAP). , 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. Based in Doha, Dominic is responsible for all of ExxonMobils Qatar joint venture businesses. The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. Swiger was elected senior vice president and a member of the management committee in 2009 and became principal financial officer in 2013. This press release includes cash flow from operations and asset sales (non-GAAP). The term project as used in this news release can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. The company announced its final investment decision for the Uaru development in Guyana. 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. A reconciliation to total taxes is shown in Attachment I-a. Copyright 2003-2017 Exxon Mobil Corporation. 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. This press release also references structural cost savings. 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.. Requires a bachelor's degree or equivalent. 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. The earnings/(loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several periods or several segments. Unfavorable margin effects were more than offset by higher volumes supported by China demand recovery and finished lubes market position growth as well as seasonally lower expenses. 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. 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. 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 total taxes is shown in Attachment I-a. We are growing value by increasing production from our advantaged assets to meet global demand. She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. 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. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. HR or Marketing? Vice President Global LNG Marketing. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. As of December 31, 2018, it had approximately 24,696 net operated wells with proved reserves of 24.3 billio How much does a CMO make at companies like EXXON MOBIL CORP in the United States? 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. Suite 2100 Report this profile . He was named chief attorney of ExxonMobil Chemical Company in 2000 and chief attorney of ExxonMobil Gas & Power Marketing Company in 2003. Manager LNG 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. ExxonMobil Asia Pacific Pte Ltd (EMAPPL). 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. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. Mr. Andrew P. Swiger is a Chief Financial Officer & Senior VP at Exxon Mobil Corp. and a Member at Boy Scouts of America. She is a former CFO at Xerox, ADT, Nalco and United Airlines. This was a decrease of $176 million versus the fourth quarter driven by lower financing costs. Dan Clark. As the CMO, you will be responsible for leading our marketing team, driving growth, and ensuring our marketing strategies align with company objectives. OneDayhas promoted Kelsey Rea to the director of people and culture at the video app company. In 2007 he was appointed acting deputy attorney general by then-president George W Bush. 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. Andrew Barry Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. Risk Factors of ExxonMobils 2022 Form 10-K. This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. ExxonMobil PNG (Papua New Guinea) Limited. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. ExxonMobil will discuss financial and operating results and other matters during a webcast at 7:30 a.m. Central Time on April 28, 2023. Located in Perth, Margaret manages ExxonMobils interest in the Gorgon venture. 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. 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. Capital and exploration expenditures were $6.4 billion, on track to meet the company's full year guidance of $23 billion to $25 billion. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Imaginuity has promoted Kristin Nuckols to serve as its first chief media officer. DAmato comes to Augustine with more than 30 years of commercial and investment banking experience in various industries. 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. This press release also references free cash flow (non-GAAP). 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. Identified items in the fourth quarter included a higher impact from the additional European taxes on the energy sector, asset impairments, and one-time adjustments related to the Sakhalin-1 expropriation. 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. She will take up her new role next month, when current CFO Andrew Swiger steps down after 43 years at the . Ebner joined the Exxon Companys US law department in May 1980 in New Orleans, where he worked as an attorney in the litigation group. Carriero was previously a VP of leasing with JLL in its third-party national mall and open-air platform. Peter Larden Managing Director ExxonMobil PNG (Papua New Guinea) Limited Top ExxonMobil Employees Trevor Nysetvold President, ExxonMobil Investment Management Inc., and In-House Investment Manager. Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. 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. President Dave Brownell Senior Vice President Global Operations 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) 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. ExxonMobil's ambitions, plans and goals do not guarantee any action or future performance by its affiliates or Exxon Mobil Corporation's responsibility for those affiliates' actions and future performance, each affiliate of which manages its own affairs. Typically reports to ceo. Dont just tell staff to behave ethically. Dollars in millions (except per share data), Earnings Excluding Identified Items Per Common Share1 (non-GAAP). The Corporation believes this view provides investors increased transparency into business results and trends and provides investors with a view of the business as seen through the eyes of management. Stay up to speed on DFWs fast-moving business community with weekly news reports, interviews, and insights. Specialty Products earnings were $774 million, up $14 million from the fourth quarter. 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. 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). Joli Robinson joins Dallas Area Habitat for Humanity as vice president of government affairs and public policy. Identified Items Per Common Share (non-GAAP), Earnings/(Loss) Excl. Nuckols received her BBA in marketing from California State University, Chico. Irving Texas 75039. Gina Clark is executive vice president and chief communications & administration officer for AmerisourceBergen where she oversees strategic communications, marketing, government affairs, and corporate citizenship. To help you find the right contact for your request, take a look at our people profiles below. 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. DAmato will focus on the agencys global growth strategies as well as acquiring private equity accounts. 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. 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. References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. All website features may not be available based upon your cookie consent elections, Click. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. Compensation data tools, salary structures, surveys and benchmarks. In addition, earnings were impacted by the absence of favorable year-end inventory impacts. Fridays. 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. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. Edmund L.C. The earnings/(loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several periods or several segments. Projects or plans may not reflect investment decisions made by the company. Zelis received a masters degree in communications management from Northwestern University. CA. 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. Map. Quinntine Dunford Director Of Operations Quinntine Dunford serves as the Director Of Operations of ExxonMobil. Peter Larden Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. ExxonMobil elects Matt Furman as vice president, public and government affairs; Suzanne McCarron to retire. 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. Free cash flow is the sum of net cash provided by operating activities and net cash flow used in investing activities. 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. Margaret Rogacki James Moretti and the ExxonMobil executive team are rated a C by 126 employees. Jos Evens Request for Proposal (RFP) Chief Marketing Officer for the Los Angeles Jazz Festival Overview: The Los Angeles Jazz Festival is seeking a Chief Marketing Officer (or firm) to develop and implement a ExecuSource - Burbank Id like to thank Andy, both personally and on behalf of the board of directors, for his many years of dedicated service, and wish him all the best in his retirement, said Darren Woods, chairman and chief executive officer. 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. 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. 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. Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. 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. 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.. Based in Port Moresby, Peter is responsible for ExxonMobil operations in-country, including the Papua New Guinea LNG project. 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. 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. Our weekly Peter Clarke . ExxonMobil Qatar. Executive Bio. 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. NJ. Follow us on Twitter and LinkedIn . 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. 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 . 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. 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. Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. 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. This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. IRVING, Texas - ExxonMobil said today that Matt Furman has been elected vice president of public and government affairs, effective April 1, replacing Suzanne McCarron, who has elected to retire after 24 years of service. 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). The board of directors has elected its current Deputy. 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. 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). 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. The company remains on track to deliver $9 billion of structural cost savings by the end of 2023 relative to 2019, having achieved cumulative structural cost savings of $7.2 billion to date. 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. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. Specialty Products earnings were $774 million, up $14 million from the fourth quarter. This press release also includes cash flow from operations and asset sales excluding working capital (non-GAAP). Active volunteer for many years, served on the board for 3 years and now on my second year as President of the . He held a series of upstream and corporate assignments before moving to the downstream in 1996 as general manager of the Jurong refinery and petrochemical plant in Singapore. Morford received his JD from Valparaiso University and his bachelors degree in economics from Hope College. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. ISMG offers news, views, research, education ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 16 days ago, LA Jazz Festival - Los Angeles ExxonMobil LNG Asia Pacific (EMLAP). Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million.
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