A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. 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). 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. 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. Newsroom | ExxonMobil Crenshaw will focus on growing business through internal and external marketing strategies and providing senior communications counsel to clients in his new role. IL. 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. 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 . 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. 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. board moves, CFOs, ExxonMobil, Kathryn Mikells. What Im Watching: Dallas Mavericks Basketball. This press release also references free cash flow (non-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. ExxonMobil announces first quarter 2023 results 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. This press release also includes total taxes including sales-based taxes. 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. 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. 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. This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. A reconciliation to total taxes is shown in Attachment I-a. 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. increased marketing and . A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Mikells holds an MBA from the University of Chicago. 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. Exxon Mobil Corp. XOM (U.S.: NYSE) - The Wall Street Journal General Manager, Mozambique, and Chairman, Rovuma LNG, S.A. Based in Maputo, Jos is responsible for ExxonMobils business in Mozambique including the Rovuma LNG development. 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. Ebner earned his JD from Tulane University and a bachelors degree from Bowdoin College. Improved finished lubes margins partially offset lower industry basestock prices. 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. Projects or plans may not reflect investment decisions made by the company. , This press release also includes cash flow from operations and asset sales excluding working capital (non-GAAP). Senior Vice President Zelis received a masters degree in communications management from Northwestern University. Crenshaw brings more than 20 years of experience in organizational communications and change initiatives. 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. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. In his role, Carriero will be responsible for overseeing a portfolio of project leasing assignments and procuring new landlord and tenant clients. 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. To contact anyone on our team, please use our contact us form and check the appropriate filter for your requirements. 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. Houston Area Parkinsons Society (HAPS) Jan 2010 - Present13 years 4 months. 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. The company announced its final investment decision for the Uaru development in Guyana. 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. 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. 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. 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. 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). Robinson graduated from Dallas Baptist University with a bachelors degree in sociology and communication and a masters degree in communications. 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. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. This report, by McKinsey and EuroCommerce, outlines the EU retail and wholesale sectors ambitions for Mikells, a former CFO at Diageo, Xerox, ADT, Nalco and United Airlines, will take over from Andrew Swiger next month. He is on the Board of Directors at Colorado School of Mines Foundation, U . 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 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. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. This press release includes cash flow from operations and asset sales (non-GAAP). It combines Income taxes and Total other taxes and duties with sales-based taxes, which are reported net in the income statement. 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. Nuckols has also been recognized with two distinct industry awards, including the Norm Campbell Rookie of the Year and Media Planner of the Year.. 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. Sherri Evers was appointed vice-president, commercial and corporate development, effective January 1, 2021. She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. Activewear brand Vuori has hired Libby Stockstill as the companys first general counsel and corporate secretary. Carriero was previously a VP of leasing with JLL in its third-party national mall and open-air platform. Randall Ebner has announced his retirement from serving as vice president and general counsel for Exxon Mobil Corp., effective Nov. 1. A reconciliation to earnings is shown for 2023 and 2022 periods in Attachments II-a and II-b. 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. 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. Compared to the same quarter last year, earnings increased $2 billion. Morford received his JD from Valparaiso University and his bachelors degree in economics from Hope College. United States. Health. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. Imaginuity has promoted Kristin Nuckols to serve as its first chief media officer. This press release also includes cash flow from operations and asset sales excluding working capital (non-GAAP). The term resource base or similar terms are not intended to correspond to SEC definitions such as probable or possible reserves. James Moretti Chief Operations Officer at ExxonMobil. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. To help you find the right contact for your request, take a look at our people profiles below. 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 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. To learn more, visit www.exxonmobil.com and the Energy Factor . 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. In this article Darren W. Woods Neil A. Chapman Kathryn A. Mikells Jack P. Williams Darren W. Woods 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. 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. As the CMO, you will be responsible for leading our marketing team, driving growth, and ensuring our marketing strategies align with company objectives. James Moretti serves as the Chief Operations Officer of ExxonMobil. Cerda earned her MBA at California State University, Long Beach, and her BBA from Pepperdine University. Based in Singapore, Andrew is responsible for the ExxonMobil LNG sales and purchases portfolio and oversees the marketing of LNG for ExxonMobils equity projects and joint ventures. Based in Port Moresby, Peter is responsible for ExxonMobil operations in-country, including the Papua New Guinea LNG project. 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. 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. Exxon Mobil Company Profile: Stock Performance & Earnings | PitchBook 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. 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. 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
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