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. 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. 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. 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. 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. Fridays. Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. She is a former CFO at Xerox, ADT, Nalco and United Airlines. A reconciliation to total taxes is shown in Attachment I-a. ExxonMobil Upstream Oil & Gas Company. 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. 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. , She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. Corporate and Financing reported net charges of $355 million. Andrew Swiger to retire as senior vice president of Exxon Mobil Corporation;Kathryn Mikells elected senior vice president and chief financial officer. regulatory updates, governance trends and best practices, careers and much more. Based in Doha, Dominic is responsible for all of ExxonMobils Qatar joint venture businesses. 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. 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. In May 2016, Ms. Clark was named the president of the AmerisourceBergen Foundation, the company's charitable 501 (c)3. Copyright 2023, D Magazine Partners, Inc. We use cookies to ensure that we give you the best experience on our website. He is on the Board of Directors at Colorado School of Mines Foundation, U . 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. All Rights Reserved. Edmund L.C. Copyright IR Media Group Ltd. 1995 - 2023 All rights reserved. James Moretti and the ExxonMobil executive team are rated a C by 126 employees. Australia LNG. Enjoy unlimited access to all of our incredible journalism, in print and digital. Andrew Elliot As VP, she will supervise public policy, advise on affordable housing, lead advocacy efforts, and serve as a liaison and spokesperson within the community. Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. ExxonMobil Corporations board has picked Craig Morford as the companys next vice president and general counsel. All Rights Reserved. To help you find the right contact for your request, take a look at our people profiles below. Mikells was previously chief financial officer at Diageo and a member of its board of directors. Company Info Exxon Mobil Corp. 5959 Las Colinas Boulevard. Before her promotion, Cerda served as vice president of human resources and operational excellence at Toyota Financial Services. Augustine Agency hires Barbara DAmato, who will serve as a board advisor to the agency. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. Compared to the same quarter last year, earnings increased $2 billion. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. Based in Houston, Peter is responsible for the end-to-end value chain management of ExxonMobils LNG business. Susan Simmons joins Agents National Title Insurance as its new Southwest agency operations manager. 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. Sector Major Oil & Gas. 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. Management uses these figures to improve comparability of the underlying business across multiple periods by isolating and removing significant non-operational events from business results. 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. 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. 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. This press release also references structural cost savings. CONDENSED CONSOLIDATED STATEMENT OF INCOME, Net income/(loss) attributable to noncontrolling interests, Net income/(loss) attributable to ExxonMobil, Earnings per common share - assuming dilution (U.S. dollars), ExxonMobil share of income taxes of equity companies, Investments, advances and long-term receivables, Other assets, including intangibles net, 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), CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS, Net cash provided by operating activities, Additions/(Reductions) in debt with three months or less maturity, Cash dividends to ExxonMobil shareholders, Cash dividends to noncontrolling interests, Net cash provided by (used in) financing activities, Increase/(Decrease) in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Earnings/(Loss) Per Common Share (U.S. GAAP), Total Identified Items Per Common Share , Earnings/(Loss) Excl. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. Executive moves: Amazon, PayPal, Neiman Marcus, ExxonMobil Identified Items Per Common Share1 (non-GAAP), Earnings/(Loss) Excl. Peter Larden Managing Director ExxonMobil PNG (Papua New Guinea) Limited 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. Ebner joined Exxon Company, USA Law Department in May 1980 in New Orleans, and later became coordinator of Upstream litigation in Houston in 1998. Chief Marketing Officer (CMO) Location: Los Angeles, CA About the Company: A client of Burns Matthews & Partners is a rapidly growing startup, backed by an iconic CEO with multiple successful exits ISMG - Information Security Media Group - Princeton Carriero was previously a VP of leasing with JLL in its third-party national mall and open-air platform. Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. Darren Woods serves as the CEO / President of ExxonMobil. References to resources or resource base may include quantities of oil and natural gas classified as proved reserves, as well as quantities that are not yet classified as proved reserves, but that are expected to be ultimately recoverable.
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