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 Head Of Marketing at ExxonMobil Dallas-Fort Worth Metroplex. What does a CMO do at companies like EXXON MOBIL CORP? CA. Manager LNG Operations 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. Located in Perth, Margaret manages ExxonMobils interest in the Gorgon venture. Based in Singapore, Andrew oversees marketing activities for EMLAPs global equity LNG portfolio. in the fast-moving world of corporate governance by signing up for our popular newsletters. Cerda earned her MBA at California State University, Long Beach, and her BBA from Pepperdine University. Mikells holds an MBA from the University of Chicago. Identified Items Per Common Share1 (non-GAAP), Earnings/(Loss) Excl. Pandemic unemployment benefits to end next month. and depletion), Net income/(loss) attributable to noncontrolling interests, ExxonMobil share of income taxes of equity companies, Investments, advances and long-term receivables, Long-term obligations to equity companies, (9,000 million shares authorized, 8,019 million shares issued), (3,976 million shares at March 31, 2023, and 3,937 million shares at December 31, 2022), Additions/(Reductions) in debt with three months or less maturity, Cash dividends to ExxonMobil shareholders, Cash dividends to noncontrolling interests, Cash and cash equivalents at beginning of period, Net natural gas production available for sale, million Activewear brand Vuori has hired Libby Stockstill as the companys first general counsel and corporate secretary. 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. ExxonMobil Executive Team | Comparably Zelis received a masters degree in communications management from Northwestern University. 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. They're typically responsible for managing the marketing professionals within an organization, and they report to the company's chief executive officer (CEO). 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. InterDigital appoints Skip Maloney as Chief People Officer - Yahoo Finance ExxonMobil PNG (Papua New Guinea) Limited. Edmund L.C. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. Global LNG Leadership Team | ExxonMobil LNG In May 2016, Ms. Clark was named the president of the AmerisourceBergen Foundation, the company's charitable 501 (c)3. Chemical Products earnings were $371 million, up from $250 million in the fourth quarter, mainly on improved margins from strengthening of the North American ethane feed advantage partly offset by higher scheduled maintenance. It combines Income taxes and Total other taxes and duties with sales-based taxes, which are reported net in the income statement. 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. He also served as Special Counsel and Spokesman for the National Transportation Safety Board. Paul, a former CFO at Amazon Studios and streaming platform Hulu, will take over from Brian Roberts on 3 January. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. 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. Structural cost savings are stewarded internally to support management's oversight of spending over time. 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. ExxonMobil Qatar. 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. In 2007 he was appointed acting deputy attorney general by then-president George W Bush. Sector Major Oil & Gas. James Moretti and the ExxonMobil executive team are rated a C by 126 employees. 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. 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. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. President and General Manager Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. 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. This press release also references free cash flow (non-GAAP). Send your companys personnel moves to online managing editor Bianca R. Montes at [emailprotected]. HR Full Circle Consulting LLC - East Peoria She will take up her new role next month, when current CFO Andrew Swiger steps down after 43 years at the company. She was the director of community affairs and youth outreach for nearly eight years. ExxonMobil Corporations board has picked Craig Morford as the companys next vice president and general counsel. 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. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. 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. 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. 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. 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. All Rights Reserved. This report from Board Agenda and Mazars, in assoc An internal investigation must be handled meticulo FREE - Add your company profile to our Corporate & Advisory Directory. Identified items unfavorably impacted earnings by $158 million this quarter, down from $561 million in the previous quarter. 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. Before her promotion, Cerda served as vice president of human resources and operational excellence at Toyota Financial Services. To learn more, visit exxonmobil.com and the Energy Factor. A reconciliation to total taxes is shown in Attachment I-a. 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 (CO2) each year from Linde's new clean hydrogen production facility in Beaumont, Texas, with operations starting as soon as 2025. To help you find the right contact for your request, take a look at our people profiles below. (Copyright 2023 Salary.com). A reconciliation to earnings is shown for 2023 and 2022 periods in Attachments II-a and II-b. Responsible for the development of functional or business unit strategy for the entire organization. ExxonMobil elects Matt Furman as vice president, public and government Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. Vice President Crenshaw brings more than 20 years of experience in organizational communications and change initiatives. Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. Witts has previously served as CFO of Compass Group and Kingfisher Group, and held a number of senior roles at Vodafone and BT. In this role, she was accountable for strategy, investor relations, supply chain, procurement and finance. . 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. 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. 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. Executes multiple high impact initiatives to achieve overall corporate goals. To listen to the event or access an archived replay, please visit www.exxonmobil.com. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. It is the CMO's role to identify our target market within each channel and create aspirational brand awareness, conversions and reducing costs for each customer acquisition. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. University of California, Los Angeles. The ExxonMobil Global LNG business team spans many countries across a number of continents. 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. Optimization and Trading, ExxonMobil LNG Asia Pacific (EMLAP). Jos Evens Personnel Moves: ExxonMobil VP and General Counsel To Retire 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. (Chief Content Officer, Chief Marketing Officer, Chief Digital Officer) the COO will communicate, implement, and support the strategies . 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. Map. This was a decrease of $176 million versus the fourth quarter driven by lower financing costs. 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. ExxonMobil Upstream Oil & Gas Company. Exxon Mobil Company Profile: Stock Performance & Earnings | PitchBook All Rights Reserved. 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. , Houston, Texas, United States ExxonMobil 31 years Corporate Inclusion & Diversity Sep 2020 - Jul 20221 year 11 months Global Organizational Effectiveness Consultant, Downstream / Chemicals /. AL. Joli Robinson joins Dallas Area Habitat for Humanity as vice president of government affairs and public policy. 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. Corporate and Financing reported net charges of $355 million. Enjoy unlimited access to all of our incredible journalism, in print and digital. 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. Corporate and affiliate officers | ExxonMobil

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