Responsible for the development of functional or business unit strategy for the entire organization. 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. We explore for, produce and sell crude oil, natural gas and petroleum products. 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. Compensation data tools, salary structures, surveys and benchmarks. Active volunteer for many years, served on the board for 3 years and now on my second year as President of the . Compared to the same quarter last year, earnings increased by $298 million, with favorable pricing actions partially offset by unfavorable foreign exchange impacts. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. Andrew Elliot 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. ExxonMobil will discuss financial and operating results and other matters during a webcast at 7:30 a.m. Central Time on April 28, 2023. Global LNG Leadership Team | ExxonMobil LNG ExxonMobil LNG Asia Pacific (EMLAP). In this article Darren W. Woods Neil A. Chapman Kathryn A. Mikells Jack P. Williams Darren W. Woods ExxonMobil has a long history of leadership in the petroleum and petrochemical industries. James Moretti Chief Operations Officer at ExxonMobil. James Moretti and the ExxonMobil executive team are rated a C by 126 employees. Morford then joined ExxonMobil in 2019 as deputy general counsel. 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. Chan Executive Legal Counsel at ExxonMobil Singapore 427 followers 430 connections Join to view profile ExxonMobil National University of Singapore, About Experienced General. Andrew Barry Vice President Global LNG Marketing Based in Singapore, Andrew is responsible for the ExxonMobil LNG sales and purchases portfolio and oversees the marketing of LNG for ExxonMobil's equity projects and joint ventures. 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. Furman joins ExxonMobil from Best Buy Co. Inc., where he was chief communications and public affairs officer since 2012. The company announced its final investment decision for the Uaru development in Guyana. and monthly updates will provide you with expert analysis, timely updates and comprehensive coverage of Mikells was previously chief financial officer at Diageo and a member of its board of directors. References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. CA. A reconciliation to total taxes is shown in Attachment I-a. Typically reports to ceo. 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. , Projects or plans may not reflect investment decisions made by the company. Since that time, McCarron held assignments of increasing responsibility in ExxonMobils corporate headquarters in Irving, Texas, including general manager of public affairs and president of the ExxonMobil Foundation. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. The Baton Rouge polypropylene expansion, which started up in December, delivered positive earnings and cash contribution during its first full quarter of operations. A reconciliation to total taxes is shown in Attachment I-a. 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. 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. Specialty Products earnings were $774 million, up $14 million from the fourth quarter. 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. Swiger was elected senior vice president and a member of the management committee in 2009 and became principal financial officer in 2013. Gina Clark is executive vice president and chief communications & administration officer for AmerisourceBergen where she oversees strategic communications, marketing, government affairs, and corporate citizenship. Dan Clark. 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. 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. 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. She is currently pursuing a Doctor of Education in organizational change and leadership at the University of Southern California. They're typically responsible for managing the marketing professionals within an organization, and they report to the company's chief executive officer (CEO). Personnel Moves: ExxonMobil VP and General Counsel To Retire. She received a bachelors degree from the University of Texas at Dallas and a management certificate from Southern Methodist University. The incumbent will help Burns Matthews & Partners - Los Angeles Peter Larden increased marketing and . Based in Singapore, Dan is responsible for EMLAPs short-term trading and optimizations activities. 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. 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). 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 United States. 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. Corporate and affiliate officers | ExxonMobil Copyright IR Media Group Ltd. 1995 - 2023 All rights reserved. In 2007 he was appointed acting deputy attorney general by then-president George W Bush. Sherri Evers was appointed vice-president, commercial and corporate development, effective January 1, 2021. 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. In addition, earnings were impacted by the absence of favorable year-end inventory impacts. Witts has previously served as CFO of Compass Group and Kingfisher Group, and held a number of senior roles at Vodafone and BT. 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. Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. 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). University of California, Los Angeles. View the Cost of Living in Major Cities, Browse other Companies in the MFG Nondurable Industry, The CMO develops an end-to-end marketing function that delivers messaging, branding, digital presence, product support, demand generation, content, research, and thought leadership. Robinson graduated from Dallas Baptist University with a bachelors degree in sociology and communication and a masters degree in communications. 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. A reconciliation to earnings is shown for 2023 and 2022 periods in Attachments II-a and II-b. Based in Houston, Peter is responsible for the end-to-end value chain management of ExxonMobils LNG business. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. 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. Copyright 2003-2017 Exxon Mobil Corporation. Ebner joined the Exxon Companys US law department in May 1980 in New Orleans, where he worked as an attorney in the litigation group. McCarron, who has been vice president since 2016, joined Mobil in 1998 as a manager in public affairs in Canada. Dallas, Texas 75201. 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. We are growing value by increasing production from our advantaged assets to meet global demand. board moves, CFOs, ExxonMobil, Kathryn Mikells. Augustine Agency hires Barbara DAmato, who will serve as a board advisor to the agency. Dan Turco The omicron variant has arrived in the U.S. as Biden's COVID-19 vaccine mandate for healthcare workers is blocked by a federal judge. All website features may not be available based upon your cookie consent elections, Click. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. 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. Mr. Andrew P. Swiger is a Chief Financial Officer & Senior VP at Exxon Mobil Corp. and a Member at Boy Scouts of America. 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. In addition to supporting the agencys underwriters and sales associates in Texas, Oklahoma, New Mexico, and Arkansas, Simmons will be contributing to projects at the national level as a part of her role. . The high quality of the directors, officers and employees of Exxon Mobil Corporation is the corporation's greatest strength. Corporate and Financing reported net charges of $355 million. This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. The base salary for CMO in companies like EXXON MOBIL CORP range from $399,100 to $561,800 with the average base salary of $461,400. in the fast-moving world of corporate governance by signing up for our popular newsletters. Toggle navigation . Chief Marketing Officer Lead Planner @ ExxonMobil; Project Superintendent and Advisor @ ExxonMobil; Senior Field Engineer @ CH2M HILL; . The company announced its final investment decision for the Uaru development in Guyana. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. Improved finished lubes margins partially offset lower industry basestock prices. ISMG offers news, views, research, education ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 16 days ago, LA Jazz Festival - Los Angeles Previously she was chief financial officer at Xerox, ADT, Nalco and United Airlines. . EXXON MOBIL CORP CMO Salary | Salary.com All Rights Reserved. https://events.irmagazine.com/mandaforum/, Executive compensation disclosure handbook, Investors are asking about ESG. 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). Identified Items (non-GAAP), Net production of crude oil, natural gas liquids, bitumen and synthetic oil, thousand barrels per day (kbd), 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). InterDigital appoints Skip Maloney as Chief People Officer - Yahoo Finance Receive independent news, thoughtful journalism & expert insights about leadership, corporate governance & key boardroom issues straight to your inbox every week. 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. Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. 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.
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