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. 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. HR or Marketing? 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. A reconciliation to earnings is shown for 2023 and 2022 periods in Attachments II-a and II-b. 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. Nuckols has also been recognized with two distinct industry awards, including the Norm Campbell Rookie of the Year and Media Planner of the Year.. https://events.irmagazine.com/mandaforum/, Executive compensation disclosure handbook, Investors are asking about ESG. Website. 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. Dallas, TX, USA View. 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. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. 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. United States. 24 followers 8 connections. ExxonMobil announces first quarter 2023 results, Earnings Excluding Identified Items (non-GAAP), Depreciation and depletion (includes impairments), Changes in operational working capital, excluding cash and debt, Proceeds from asset sales and returns of investments, Additions to property, plant and equipment, Other investing activities including collection of advances, Selling, general and administrative expenses, Exploration expenses, including dry holes, Non-service pension and postretirement benefit expense, Other adjustments (includes equity company depreciation To learn more, visit www.exxonmobil.com and the Energy Factor . Darren W. Woods Chairman and Chief Executive Officer Kathryn A. Mikells Senior Vice President, Chief Financial Officer Neil A. Chapman Senior Vice President Jack P. Williams Senior Vice President Angela F. Braly Director Steven A. Kandarian Director Gregory J. Goff Director 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. Chief Marketing Officer Lead Planner @ ExxonMobil; Project Superintendent and Advisor @ ExxonMobil; Senior Field Engineer @ CH2M HILL; . Mikells was previously chief financial officer at Diageo and a member of its board of directors. 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. 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. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. 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. Managing Director Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. Before joining Imaginuity at Calise Partners, she held various senior roles with iProspect, Ansira, Moroch, and Ackerman McQueen. 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. Public Company Information: NYSE: XOM Send your companys personnel moves to online managing editor Bianca R. Montes at [emailprotected]. Anti-woke activism: A turning point for ESG? 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. During her time at United Airlines, she was also vice president of investor relations and treasurer. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. A reconciliation to total taxes is shown in Attachment I-a. 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. See user submitted job responsibilities for CMO. 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. How much does a CMO make at companies like EXXON MOBIL CORP in the United States? Improved finished lubes margins partially offset lower industry basestock prices. Margaret Rogacki 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. References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. In May 2016, Ms. Clark was named the president of the AmerisourceBergen Foundation, the company's charitable 501 (c)3. As the agency looks to grow beyond Texas, she will specialize her efforts in technology. She was the director of community affairs and youth outreach for nearly eight years. A reconciliation to total taxes is shown in Attachment I-a. Executes multiple high impact initiatives to achieve overall corporate goals. 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. Capital and exploration expenditures were $6.4 billion, on track to meet the company's full year guidance of $23 billion to $25 billion. Compared to the same quarter last year, earnings increased by $298 million, with favorable pricing actions partially offset by unfavorable foreign exchange impacts. Before joining Fermata Energy, Zelis served as Electric Vehicle Business Development Manager for Nissan North America, who worked closely with Fermata Energy. No spam, ever. Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. 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. 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. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. 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. IL. 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. He was named assistant general counsel in 2009, and the board elected him as general counsel and vice president in 2016. 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. 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). In 2007 he was appointed acting deputy attorney general by then-president George W Bush. What Im Watching: Dallas Mavericks Basketball. 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). Mikells was previously chief financial officer at Diageo and a member of its board of directors. . . 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. board moves, CFOs, ExxonMobil, Kathryn Mikells. Quinntine Dunford Director Of Operations Quinntine Dunford serves as the Director Of Operations of ExxonMobil. Copyright 2003-2023 Exxon Mobil Corporation. ExxonMobil will discuss financial and operating results and other matters during a webcast at 7:30 a.m. Central Time on April 28, 2023. 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. 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. She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. Map. Identified items unfavorably impacted earnings by $158 million this quarter, down from $561 million in the previous quarter. 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. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. Personnel Moves: ExxonMobil VP and General Counsel To Retire. Crenshaw brings more than 20 years of experience in organizational communications and change initiatives. The company successfully completed the ramp-up of the Beaumont Refinery expansion, demonstrating 250,000 barrels per day of crude distillation capacity and expanding its integration advantage by capitalizing on the growth of lighter crude oil from the Upstream's Permian assets. Enjoy unlimited access to all of our incredible journalism, in print and digital. 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.. Identified Items Per Common Share (non-GAAP), Earnings/(Loss) Excl. 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. Andrew Swiger to retire as senior vice president of Exxon Mobil Corporation;Kathryn Mikells elected senior vice president and chief financial officer. 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. The company announced its final investment decision for the Uaru development in Guyana. ExxonMobil uses innovation and technology to deliver energy to a growing world. Australia LNG. Report this profile . 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. To listen to the event or access an archived replay, please visit www.exxonmobil.com. 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. She is a former CFO at Xerox, ADT, Nalco and United Airlines. 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. Projects or plans may not reflect investment decisions made by the company. 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. 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. 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.

Average Height And Weight For High School Football Positions, How Long Can A Leopard Hold Its Breath, Professor Kukui And Burnet Child, Is Maxpedition Going Out Of Business, Danny Leahy Oval Kangaroos, Articles E