Stay up to speed on DFWs fast-moving business community with weekly news reports, interviews, and insights. 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. ExxonMobil's Marketing Manager compensation is $53,026 more than the US average for a Marketing Manager. Optimization and Trading, ExxonMobil LNG Asia Pacific (EMLAP). A reconciliation to total taxes is shown in Attachment I-a. 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. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. 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. 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. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. The term resource base or similar terms are not intended to correspond to SEC definitions such as probable or possible reserves. 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. 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. 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. This press release also references free cash flow (non-GAAP). Rea, who previously served as an executive assistant, will now be responsible for HR, culture, talent acquisition, onboarding, learning and development, and compensation and benefits. 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. As VP, she will supervise public policy, advise on affordable housing, lead advocacy efforts, and serve as a liaison and spokesperson within the community. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. 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. Manager LNG Operations , Based in Houston, Peter is responsible for the end-to-end value chain management of ExxonMobils LNG business. She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. Jos Evens The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $531,300 to $870,900 with the average total cash compensation of $678,500. Identified items unfavorably impacted earnings by $158 million this quarter, down from $561 million in the previous quarter. , Health. Projects or plans may not reflect investment decisions made by the company. 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 Sector Major Oil & Gas. Corporate and Financing reported net charges of $355 million. Previous to her time with ExxonMobil, she served in various public affairs positions in the pharmaceutical and chemical industries. Copyright 2003-2023 Exxon Mobil Corporation. Rea earned her bachelors degree in family and human services at John Brown University. 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. Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. 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. Before joining Imaginuity at Calise Partners, she held various senior roles with iProspect, Ansira, Moroch, and Ackerman McQueen. University of California, Los Angeles. All Rights Reserved. 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. 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. Report this profile . 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. Witts has previously served as CFO of Compass Group and Kingfisher Group, and held a number of senior roles at Vodafone and BT. 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. 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). Join to view profile ExxonMobil. Structural cost savings are stewarded internally to support management's oversight of spending over time. Quinntine Dunford Director Of Operations Quinntine Dunford serves as the Director Of Operations of ExxonMobil. We are growing value by increasing production from our advantaged assets to meet global demand. board moves, CFOs, ExxonMobil, Kathryn Mikells. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. 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. Pandemic unemployment benefits to end next month. 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. This press release also references free cash flow (non-GAAP). Executive moves: Amazon, PayPal, Neiman Marcus, ExxonMobil , 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. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Corporate and Financing reported net charges of $355 million. Peter Clarke Before joining Fermata Energy, Zelis served as Electric Vehicle Business Development Manager for Nissan North America, who worked closely with Fermata Energy. . 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. Map. Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. 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. 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. 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. 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. Capital and exploration expenditures were $6.4 billion, on track to meet the company's full year guidance of $23 billion to $25 billion. 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. Houston, Texas, United States ExxonMobil 31 years Corporate Inclusion & Diversity Sep 2020 - Jul 20221 year 11 months Global Organizational Effectiveness Consultant, Downstream / Chemicals /. He also served as Special Counsel and Spokesman for the National Transportation Safety Board. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. 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. James Moretti and the ExxonMobil executive team are rated a C by 126 employees. InterDigital appoints Skip Maloney as Chief People Officer - Yahoo Finance The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. (Copyright 2023 Salary.com). 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. It combines Income taxes and Total other taxes and duties with sales-based taxes, which are reported net in the income statement. 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. Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. I thank Suzanne for her many contributions to the companys success during her career and wish her all the best in retirement.. https://events.irmagazine.com/mandaforum/, Executive compensation disclosure handbook, Investors are asking about ESG. 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. 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. Joli Robinson joins Dallas Area Habitat for Humanity as vice president of government affairs and public policy. 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. She previously served as the first Black woman to head community relations of the Dallas Police Department. 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. James Moretti Chief Operations Officer James Moretti serves as the Chief Operations Officer of ExxonMobil. 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. Exxon Mobil Corp. XOM (U.S.: NYSE) - The Wall Street Journal With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. This press release includes cash flow from operations and asset sales (non-GAAP). 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. In addition, two new exploration discoveries were made this year. Copyright IR Media Group Ltd. 1995 - 2023 All rights reserved. Identified items unfavorably impacted earnings by $158 million this quarter, down from $561 million in the previous quarter. 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 . Nuckols has also been recognized with two distinct industry awards, including the Norm Campbell Rookie of the Year and Media Planner of the Year.. . He was named assistant general counsel in 2009, and the board elected him as general counsel and vice president in 2016. It combines Income taxes and Total other taxes and duties with sales-based taxes, which are reported net in the income statement. Andrew Barry She is a former CFO at Xerox, ADT, Nalco and United Airlines. 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). 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. Her leadership roles include positions at multi-billion-dollar multinational banks such as BNP Paribas US and Global Banking, Comerica Bank, and Bank of Americas Global Capital Markets. The Baton Rouge polypropylene expansion, which started up in December, delivered positive earnings and cash contribution during its first full quarter of operations. CA. 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. 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). 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. Improved finished lubes margins partially offset lower industry basestock prices. 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). DAmato comes to Augustine with more than 30 years of commercial and investment banking experience in various industries. Plus: FC Dallas in the playoffs and Dak Prescott's long-awaited return. Based in Doha, Dominic is responsible for all of ExxonMobils Qatar joint venture businesses. This was a decrease of $176 million versus the fourth quarter driven by lower financing costs. Vice President Morford previously spent 20 years with the United States Department of Justice. 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. ExxonMobil PNG (Papua New Guinea) Limited. Ebner earned his JD from Tulane University and a bachelors degree from Bowdoin College. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. Dan Clark. ExxonMobil Corporations board has picked Craig Morford as the companys next vice president and general counsel. Copyright 2003-2017 Exxon Mobil Corporation. 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. During her time at United Airlines, she was also vice president of investor relations and treasurer. 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. Head Of Marketing at ExxonMobil Dallas-Fort Worth Metroplex. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. 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. 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. XOM | Exxon Mobil Corp. Company Profile & Executives - WSJ The average salary for CMO at companies like EXXON MOBIL CORP in the United States is $451,400 as of August 29, 2022, but the salary range typically falls between $390,500 and $549,700. McCarron holds a bachelors degree from Mount Saint Vincent University in Halifax, Nova Scotia, and a Masters degree from the University of Western Ontario in London, Ontario. Ebner was appointed assistant general counsel in 2009, and then general counsel and vice president in 2016. 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. In his role, Carriero will be responsible for overseeing a portfolio of project leasing assignments and procuring new landlord and tenant clients. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. Paul, a former CFO at Amazon Studios and streaming platform Hulu, will take over from Brian Roberts on 3 January. Within the downstream, Ms. Evers held various assignments, including sales, logistics . As the agency looks to grow beyond Texas, she will specialize her efforts in technology. 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). Andrew Swiger to retire as senior vice president of Exxon Mobil Corporation;Kathryn Mikells elected senior vice president and chief financial officer. ExxonMobil has a long history of leadership in the petroleum and petrochemical industries. We are growing value by increasing production from our advantaged assets to meet global demand. This press release also references structural cost savings. Projects or plans may not reflect investment decisions made by the company. 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. The company announced its final investment decision for the Uaru development in Guyana. Before that, a partner at Tricom/MGHerring. 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. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. 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 Port Moresby, Peter is responsible for ExxonMobil operations in-country, including the Papua New Guinea LNG project. 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. Show them how. Send your companys personnel moves to online managing editor Bianca R. Montes at [emailprotected]. Chief Marketing Officer Location: Princeton, NJ Information Security Media Group is a global education and intelligence company focused on cybersecurity. In May 2016, Ms. Clark was named the president of the AmerisourceBergen Foundation, the company's charitable 501 (c)3.
Acog Pap Guidelines Algorithm 2021 Pdf, Tracy And Martina Real Names, Best Time To Visit Vietnam And Cambodia Tripadvisor, Burden For The Lost Illustrations, Articles E