Improved finished lubes margins partially offset lower industry basestock prices. Requires a bachelor's degree or equivalent. I thank Suzanne for her many contributions to the companys success during her career and wish her all the best in retirement.. United States. She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. 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. 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. Enjoy unlimited access to all of our incredible journalism, in print and digital. 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. Randall Ebner has announced his retirement from serving as vice president and general counsel for Exxon Mobil Corp., effective Nov. 1. 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. Paul, a former CFO at Amazon Studios and streaming platform Hulu, will take over from Brian Roberts on 3 January. She previously served as the first Black woman to head community relations of the Dallas Police Department. HR Full Circle Consulting LLC - East Peoria ExxonMobil Asia Pacific Pte Ltd (EMAPPL). Exxon Mobil Corp. XOM (U.S.: NYSE) - The Wall Street Journal This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. 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. 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. 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. (Chief Content Officer, Chief Marketing Officer, Chief Digital Officer) the COO will communicate, implement, and support the strategies . First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. 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. 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. Edmund L.C. 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. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. 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.. 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. 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. 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. What does a CMO do at companies like EXXON MOBIL CORP? 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. To learn more, visit exxonmobil.com and the Energy Factor. Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. James Moretti Chief Operations Officer at ExxonMobil Defines corporate vision and strategy establishes company direction and focus. Global LNG Leadership Team | ExxonMobil LNG 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. 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. 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. , Before joining Imaginuity at Calise Partners, she held various senior roles with iProspect, Ansira, Moroch, and Ackerman McQueen. In addition, two new exploration discoveries were made this year. 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. 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. 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 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. In 2007 he was appointed acting deputy attorney general by then-president George W Bush. 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. Management Committee | ExxonMobil This press release includes cash flow from operations and asset sales (non-GAAP). Located in Perth, Margaret manages ExxonMobils interest in the Gorgon venture. 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. 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. See user submitted job responsibilities for CMO. 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. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. 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. 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. Compared to the same quarter last year, earnings increased by $298 million, with favorable pricing actions partially offset by unfavorable foreign exchange impacts. Unless otherwise indicated, references to earnings, Upstream, Energy Products, Chemical Products, Specialty Products and Corporate and Financing segment earnings, and earnings per share are ExxonMobils share after excluding amounts attributable to noncontrolling interests. A reconciliation to earnings is shown for 2023 and 2022 periods in Attachments II-a and II-b. 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. Copyright IR Media Group Ltd. 1995 - 2023 All rights reserved. Structural cost savings are stewarded internally to support management's oversight of spending over time. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. 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. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. XOM | Exxon Mobil Corp. Company Profile & Executives - WSJ Free cash flow is the sum of net cash provided by operating activities and net cash flow used in investing activities. Identified items unfavorably impacted earnings by $158 million this quarter, down from $561 million in the previous quarter. Australia LNG. Augustine Agency hires Barbara DAmato, who will serve as a board advisor to the agency. Pandemic unemployment benefits to end next month. Previously she was chief financial officer at Xerox, ADT, Nalco and United Airlines.

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