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. Map. 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. DAmato will focus on the agencys global growth strategies as well as acquiring private equity accounts. ExxonMobil elects Matt Furman as vice president, public and government affairs; Suzanne McCarron to retire. 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. All Rights Reserved. ExxonMobil uses innovation and technology to deliver energy to a growing world. Compared to the same quarter last year, earnings increased $2 billion. , Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. The ExxonMobil Global LNG business team spans many countries across a number of continents. Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. 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. Cerda earned her MBA at California State University, Long Beach, and her BBA from Pepperdine University. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. Free cash flow is the sum of net cash provided by operating activities and net cash flow used in investing activities. Previously she was chief financial officer at Xerox, ADT, Nalco and United Airlines. Exxon Mobil Company Profile: Stock Performance & Earnings | PitchBook Based in Port Moresby, Peter is responsible for ExxonMobil operations in-country, including the Papua New Guinea LNG project. 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. Copyright 2023, D Magazine Partners, Inc. We use cookies to ensure that we give you the best experience on our website. All website features may not be available based upon your cookie consent elections, Click. The Baton Rouge polypropylene expansion, which started up in December, delivered positive earnings and cash contribution during its first full quarter of operations. To listen to the event or access an archived replay, please visit www.exxonmobil.com. Before her promotion, Cerda served as vice president of human resources and operational excellence at Toyota Financial Services. 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. The high quality of the directors, officers and employees of Exxon Mobil Corporation is the corporation's greatest strength. Pamela Kearney Skaufel - Vice President Global Procurement - ExxonMobil 24 followers 8 connections. Structural cost savings are stewarded internally to support management's oversight of spending over time. 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 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). Paul, a former CFO at Amazon Studios and streaming platform Hulu, will take over from Brian Roberts on 3 January. The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. In addition, two new exploration discoveries were made this year. She was the director of community affairs and youth outreach for nearly eight years. A reconciliation to total taxes is shown in Attachment I-a. Results also benefited from the absence of year-end inventory effects and lower corporate and financing costs. Based in Singapore, Dan is responsible for EMLAPs short-term trading and optimizations activities. Based in Singapore, Andrew oversees marketing activities for EMLAPs global equity LNG portfolio. Dan Turco Dallas, TX, USA View. If you continue to use this site we will assume that you are happy with it. ExxonMobil has a long history of leadership in the petroleum and petrochemical industries. She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. She received a bachelors degree from the University of Texas at Dallas and a management certificate from Southern Methodist University. References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. She previously served as the first Black woman to head community relations of the Dallas Police Department. Capital and exploration expenditures were $6.4 billion, on track to meet the company's full year guidance of $23 billion to $25 billion. Morford then joined ExxonMobil in 2019 as deputy general counsel. This is the fifth offshore project and is expected to provide an additional 250,000 oil-equivalent barrels per day of gross capacity with start-up targeted for 2026. Mark Batis, Texas agency manager at ANTIC, recognizes Simmons wealth of experience as she has worked at all levels of the title industry, from local independent agencies to large national and international underwriters.. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. I thank Suzanne for her many contributions to the companys success during her career and wish her all the best in retirement.. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. 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. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. 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. 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. Being a CMO builds and develops the teams and technology required to collect, test, measure, and analyze marketing metrics necessary to identify trends in the marketplace, program effectiveness, and consumer behavior. 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. He was also with Cypress Equities and GGP (now Brookfield Retail) earlier in his career. 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. Excluding the identified item associated with additional European taxes on the energy sector, earnings were $11.6 billion compared to $14.0 billion in the prior quarter. 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. CA. Exxon Mobil Corp. XOM (U.S.: NYSE) - The Wall Street Journal Crenshaw brings more than 20 years of experience in organizational communications and change initiatives. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. 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. Gina Clark - AmerisourceBergen ExxonMobil Executive Team | Comparably Copyright 2003-2023 Exxon Mobil Corporation. What Are the 9 Roles of a CMO (Chief Marketing Officer)? - Indeed Mikells holds an MBA from the University of Chicago. In 2007 he was appointed acting deputy attorney general by then-president George W Bush. Morford is currently deputy general counsel. In this role, she was accountable for strategy, investor relations, supply chain, procurement and finance. Philip Wong He is on the Board of Directors at Colorado School of Mines Foundation, U . 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. Chief Marketing Officer (CMO) Princeton, NJ, CMO Salaries with a High School Diploma or Technical Certificate, CMO Salaries with a Master's Degree or MBA, CMO Salaries with a JD, MD, PhD or Equivalent, Detailed skills and competency reports for specific positions. InterDigital appoints Skip Maloney as Chief People Officer - Yahoo Finance As the agency looks to grow beyond Texas, she will specialize her efforts in technology. 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 Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. The incumbent will help Burns Matthews & Partners - Los Angeles ExxonMobil Announces First-Quarter 2023 Results | Business Wire 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. Kathryn Mikells joins ExxonMobil as chief financial officer - Board Agenda 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. Identified Items Per Common Share (non-GAAP), Earnings/(Loss) Excl. 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. In his role, Carriero will be responsible for overseeing a portfolio of project leasing assignments and procuring new landlord and tenant clients. General Manager This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. Sherri Evers was appointed vice-president, commercial and corporate development, effective January 1, 2021. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. DAmato comes to Augustine with more than 30 years of commercial and investment banking experience in various industries. 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. 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 Our Client, an outsourced marketing service provider for law firms, is looking for a superstar chief marketing officer who can oversee and manage the company's marketing operation which includes Be the first to add EXXON MOBIL CORP CMO responsibilities. Vice President of Global LNG Marketing and Chairman - ExxonMobil LNG Market Development: 000 0000: 000000 00000: Self: Board Member & Member of Compensation (Chair); Environment, Safety and Public Policy Committee . A former director of marketing at Starbucks and Microsoft, Jessica Shapirojoins LiveRamp as chief marketing officer, as the leading data enablement platform looks to generate more than a half-billion dollars in revenue this fiscal year. The deputy general counsel of Exxon Mobil Corp. has been elected by the company's board of directors to replace general counsel Randall Ebner when he retires in November, the company . Provides overall vision, leadership, strategy, and execution of all marketing programs and initiatives of the organization. General Manager, Mozambique, and Chairman, Rovuma LNG, S.A. Based in Maputo, Jos is responsible for ExxonMobils business in Mozambique including the Rovuma LNG development. First-quarter 2023 earnings were $11.4 billion compared with $12.8 billion in the fourth quarter of 2022. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. XOM | Exxon Mobil Corp. Company Profile & Executives - WSJ 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. 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. Nuckols received her BBA in marketing from California State University, Chico. 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.. In addition, CMO identifies potential markets, customer segments, and products to explore. He was named assistant general counsel in 2009, and the board elected him as general counsel and vice president in 2016. The term resource base or similar terms are not intended to correspond to SEC definitions such as probable or possible reserves. Toggle navigation . The company announced its final investment decision for the Uaru development in Guyana. Previous to her time with ExxonMobil, she served in various public affairs positions in the pharmaceutical and chemical industries. Newsroom | ExxonMobil Kurtis Doscher email address & phone number | Exxonmobil Chief It combines Income taxes and Total other taxes and duties with sales-based taxes, which are reported net in the income statement. Zelis received a masters degree in communications management from Northwestern University. 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. Copyright 2003-2017 Exxon Mobil Corporation. 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 . ExxonMobil elects Matt Furman as vice president, public and government Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. EXXON MOBIL CORP CMO Salary | Salary.com It combines Income taxes and Total other taxes and duties with sales-based taxes, which are reported net in the income statement. 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. 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. Free cash flow is the sum of net cash provided by operating activities and net cash flow used in investing activities. Salary.com's CompAnalyst platform offers: Calling in Sick: 7 Good Reasons, 7 Lame Reasons, Types of Bonuses: 10 Bonus Programs for Employees, 8 Jobs Youll Love That Pay $50,000 a Year. The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. Margaret Rogacki ExxonMobil's key executives include Darren W. Woods and 13 others. ISMG offers news, views, research, education ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 16 days ago, LA Jazz Festival - Los Angeles 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. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Dollars in millions (except per share data), Earnings Excluding Identified Items Per Common Share1 (non-GAAP). Partners with line of business leaders to ensure marketing programs and advertising expenditures support company revenue and growth objectives. Projects or plans may not reflect investment decisions made by the company. Management Committee | ExxonMobil increased marketing and . As VP, she will supervise public policy, advise on affordable housing, lead advocacy efforts, and serve as a liaison and spokesperson within the community. The company believes it is useful for investors to consider these numbers in comparing the underlying performance of the company's business across periods when there are significant period-to-period differences in the amount of changes in working capital. Andrew Swiger to retire as senior vice president of Exxon Mobil Dont just tell staff to behave ethically. This press release also includes total taxes including sales-based taxes. Suite 2100 This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. How much does a CMO make at companies like EXXON MOBIL CORP in the United States? This press release also references free cash flow (non-GAAP). Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. University of California, Los Angeles. Vice President Global LNG Marketing. Brings new meaning to the phrase Sunday Funday. James Moretti and the ExxonMobil executive team are rated a C by 126 employees. Executive moves: Amazon, PayPal, Neiman Marcus, ExxonMobil Show them how. Register to receive free article views, selected resource downloads, and all the latest news alerts straight to your inbox. In 2007, he was appointed as acting deputy attorney general by former President George W. Bush. She will take up her new role next month, when current CFO Andrew Swiger steps down after 43 years at the company. To learn more, visit exxonmobil.com and the Energy Factor. Before joining Fermata Energy, Zelis served as Electric Vehicle Business Development Manager for Nissan North America, who worked closely with Fermata Energy. Morford previously spent 20 years with the United States Department of Justice. 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. . Personnel Moves: ExxonMobil VP and General Counsel To Retire Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. Activewear brand Vuori has hired Libby Stockstill as the companys first general counsel and corporate secretary. ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the worlds growing energy needs. 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. Our management team | Imperial - ExxonMobil The board of directors has elected its current Deputy. 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. In addition, earnings were impacted by the absence of favorable year-end inventory impacts. Stay up to speed on DFWs fast-moving business community with weekly news reports, interviews, and insights. Defines corporate vision and strategy establishes company direction and focus. Executes multiple high impact initiatives to achieve overall corporate goals. IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Dollars in millions (except per share data), Earnings Excluding Identified Items (non-GAAP), Earnings Excluding Identified Items Per Common Share (non-GAAP). Copyright 2003-2023 Exxon Mobil Corporation. 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). 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. Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. 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. The politics and geopolitics of controlling shareholders, Lets talk about regenerative business, not sustainability, Being a CEO in 2023: how to navigate uncertainty, Reform of NHS levy harms UK competitiveness, Board priorities 2023: tact, trust and transparency, Climate issues likely to figure prominently at next years AGMs, The Engagement Appeal: The Path to Inclusive Investor Engagement, Forrester: The Total Economic Impact Of Diligent Board & Leadership Collaboration, Transforming the EU Retail and Wholesale Sector, Lyft appoints Elaine Paul as chief financial officer, SMS appoints Tim Mortlock as chief executive officer, Foxtons Group appoints Chris Hough as chief financial officer, Karen Witts joins Dunelm board as chief financial officer, New EU laws will make boardrooms more accountable, Shareholder group calls on EU to define corporate sustainability, Stakeholder Engagement: A Roadmap for UK Plc Boards, Digital Boards: How Technology Adoption is Driving Culture Change and Resiliency, A Director's Guide to Conducting Internal Investigations. July 19 (Reuters) - Exxon Mobil Corp's (XOM.N) new chief financial officer Kathyrn Mikells is the first woman and external hire to join the oil major's management committee, as energy firms. 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.