This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. Mikells was previously chief financial officer at Diageo and a member of its board of directors. AL. 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. Rea earned her bachelors degree in family and human services at John Brown University. Public Company Information: NYSE: XOM 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. This press release also includes cash flow from operations and asset sales excluding working capital (non-GAAP). Stay up to speed on DFWs fast-moving business community with weekly news reports, interviews, and insights. 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. James Moretti Chief Operations Officer James Moretti serves as the Chief Operations Officer of ExxonMobil. 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. 4 . 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. Partners with line of business leaders to ensure marketing programs and advertising expenditures support company revenue and growth objectives. Furman joins ExxonMobil from Best Buy Co. Inc., where he was chief communications and public affairs officer since 2012. 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. The Corporation declared a second-quarter dividend of $0.91 per share, payable on June 9, 2023, to shareholders of record of Common Stock at the close of business on May 16, 2023. 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. 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. 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. This press release also references free cash flow (non-GAAP). 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). 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. Ebner joined the Exxon Companys US law department in May 1980 in New Orleans, where he worked as an attorney in the litigation group. Dont just tell staff to behave ethically. 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. Crenshaw brings more than 20 years of experience in organizational communications and change initiatives. 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. Augustine Agency hires Barbara DAmato, who will serve as a board advisor to the agency. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. Peter Clarke The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. Witts has previously served as CFO of Compass Group and Kingfisher Group, and held a number of senior roles at Vodafone and BT. 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. Projects or plans may not reflect investment decisions made by the company. 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. HR Full Circle Consulting LLC - East Peoria This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. Based in Singapore, Dan is responsible for EMLAPs short-term trading and optimizations activities. 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. 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 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. Peter Larden Managing Director ExxonMobil PNG (Papua New Guinea) Limited University of California, Los Angeles. 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. 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. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. 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. This press release also references structural cost savings. Imaginuity has promoted Kristin Nuckols to serve as its first chief media officer. 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. Vice President 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. 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. It operates through Upstream, Downstream, and Chemical segments. 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. In addition, you will be accountable for ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 3 days ago, Summer Classics Inc - Pelham Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. Nuckols has also been recognized with two distinct industry awards, including the Norm Campbell Rookie of the Year and Media Planner of the Year.. Plus: FC Dallas in the playoffs and Dak Prescott's long-awaited return. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. Located in Perth, Margaret manages ExxonMobils interest in the Gorgon venture. 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. 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/(Loss) Excluding Identified Items (non-GAAP), 1 Based on ExxonMobil estimates using historical benchmarking results from Solomon Associates, CASH FLOW FROM OPERATIONS AND ASSET SALES EXCLUDING WORKING CAPITAL, Net income/(loss) including noncontrolling interests, Depreciation and depletion (includes impairments), Changes in operational working capital, excluding cash and debt, Cash Flow from Operating Activities (U.S. GAAP), Proceeds from asset sales and returns of investments, Cash Flow from Operations and Asset Sales (non-GAAP), Cash Flow from Operations and Asset Sales excluding Working Capital (non-GAAP), Additions to property, plant and equipment, Other investing activities including collection of advances, Dollars in billions (unless otherwise noted), From ExxonMobils Consolidated statement of income, Selling, general and administrative expenses, Exploration expenses, including dry holes, Non-service pension and postretirement benefit expense, ExxonMobils share of equity company expenses (non-GAAP), Total adjusted operating costs (non-GAAP), Other adjustments (includes equity company depreciation, Total cash operating expenses (cash opex) (non-GAAP), Total cash operating expenses (cash opex) excluding energy and production taxes (non-GAAP). This was a decrease of $176 million versus the fourth quarter driven by lower financing costs. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, 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. ExxonMobil's key executives include Darren W. Woods and 13 others. James Moretti serves as the Chief Operations Officer of ExxonMobil. The Baton Rouge polypropylene expansion, which started up in December, delivered positive earnings and cash contribution during its first full quarter of operations. , ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the worlds growing energy needs. Darren Woods serves as the CEO / President of ExxonMobil. 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. United States. All Rights Reserved. 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. 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 . Irving Texas 75039. Houston, Texas, United States ExxonMobil 31 years Corporate Inclusion & Diversity Sep 2020 - Jul 20221 year 11 months Global Organizational Effectiveness Consultant, Downstream / Chemicals /. Anti-woke activism: A turning point for ESG? Chan Executive Legal Counsel at ExxonMobil Singapore 427 followers 430 connections Join to view profile ExxonMobil National University of Singapore, About Experienced General. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. ExxonMobil has a long history of leadership in the petroleum and petrochemical industries. https://events.irmagazine.com/mandaforum/, Executive compensation disclosure handbook, Investors are asking about ESG. 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. 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. Within the downstream, Ms. Evers held various assignments, including sales, logistics . Copyright 2003-2023 Exxon Mobil Corporation.
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