Codes of ethics are all well and good but they don't tell the whole story. Shareholders with a controlling interest influence not only financial matters but can also wield great Sustainability and net-zero commitments may not be enough. 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. 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 was a decrease of $176 million versus the fourth quarter driven by lower financing costs. 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. At the same time, our Low Carbon Solutions team is rapidly growing this new business with an additional carbon capture, transportation and storage agreement that underscores the company's growing momentum in providing industrial customers with large-scale emission reduction solutions., 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. 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. Zelis received a masters degree in communications management from Northwestern University. Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. Crenshaw will focus on growing business through internal and external marketing strategies and providing senior communications counsel to clients in his new role. 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. Robinson graduated from Dallas Baptist University with a bachelors degree in sociology and communication and a masters degree in communications. increased marketing and . Requires a bachelor's degree or equivalent. Based in Port Moresby, Peter is responsible for ExxonMobil operations in-country, including the Papua New Guinea LNG project. 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. 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). 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. McCarron, who has been vice president since 2016, joined Mobil in 1998 as a manager in public affairs in Canada. Fridays. Executive Bio. Irving Texas 75039. Dallas, Texas 75201. Show them how. This press release includes cash flow from operations and asset sales (non-GAAP). Copyright 2003-2023 Exxon Mobil Corporation. In 2007, he was appointed as acting deputy attorney general by former President George W. Bush. 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. 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. Fermata Energy brings Brian Zelis in as its national sales director and will lead its efforts to integrate V2X technology and software to utilities, universities, municipalities, and fleet owners throughout North America. CA. 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. Structural cost savings are stewarded internally to support management's oversight of spending over time. ExxonMobil will discuss financial and operating results and other matters during a webcast at 7:30 a.m. Central Time on April 28, 2023. 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. 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. Previously, he served as vice president of strategic communications and external affairs of T.G.I. 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. Health. 750 North St.Paul St. ExxonMobil elects Matt Furman as vice president, public and government affairs; Suzanne McCarron to retire. 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. Diversity statistics challenged by new scorecard, Campaign calls for all investors to have an equal voice, Why we need to teach diversity, equity, and inclusion. 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. Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. Based in Singapore, Dan is responsible for EMLAPs short-term trading and optimizations activities. She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. She previously served as the first Black woman to head community relations of the Dallas Police Department. https://events.irmagazine.com/mandaforum/, Executive compensation disclosure handbook, Investors are asking about ESG. 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. Dan Turco Enjoy unlimited access to all of our incredible journalism, in print and digital. The term resource base or similar terms are not intended to correspond to SEC definitions such as probable or possible reserves. 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. Before joining Fermata Energy, Zelis served as Electric Vehicle Business Development Manager for Nissan North America, who worked closely with Fermata Energy. 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. Unfavorable margin effects were more than offset by higher volumes supported by China demand recovery and finished lubes market position growth as well as seasonally lower expenses. 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. Company Info Exxon Mobil Corp. 5959 Las Colinas Boulevard. In addition, you will be accountable for ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 3 days ago, Summer Classics Inc - Pelham 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. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. 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. It combines Income taxes and Total other taxes and duties with sales-based taxes, which are reported net in the income statement. She will take up her new role next month, when current CFO Andrew Swiger steps down after 43 years at the company. 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. Morford is currently deputy general counsel. All Rights Reserved. in the fast-moving world of corporate governance by signing up for our popular newsletters. This press release also references free cash flow (non-GAAP). Copyright 2003-2023 Exxon Mobil Corporation. See user submitted job responsibilities for CMO. , He was named assistant general counsel in 2009, and the board elected him as general counsel and vice president in 2016. Morford is currently deputy general counsel. 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. Crenshaw brings more than 20 years of experience in organizational communications and change initiatives. Morford previously spent 20 years with the United States Department of Justice. Nuckols received her BBA in marketing from California State University, Chico. Morford was chief legal and compliance officer for Cardinal Health between 2008 and 2019. 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. It operates through Upstream, Downstream, and Chemical segments. He held a series of upstream and corporate assignments before moving to the downstream in 1996 as general manager of the Jurong refinery and petrochemical plant in Singapore. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. Andrew Swiger to retire as senior vice president of Exxon Mobil Corporation;Kathryn Mikells elected senior vice president and chief financial officer. 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. 4 . She is a former CFO at Xerox, ADT, Nalco and United Airlines. Similarly, discussion of future carbon capture, transportation and storage, as well as biofuel, hydrogen and other plans to reduce emissions are dependent on future market factors, such as continued technological progress, policy support and timely rule-making and permitting, and represent forward-looking statements. 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. As the CMO, you will be responsible for leading our marketing team, driving growth, and ensuring our marketing strategies align with company objectives. Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. HudsonLake and Hudson Studio have merged and promoted communication professionals Kim Cerda to chief human resources officer and Quinton Crenshaw to chief marketing officer at its Dallas base. Follow us on Twitter and LinkedIn . 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 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. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. Compared to the same quarter last year, earnings increased by $298 million, with favorable pricing actions partially offset by unfavorable foreign exchange impacts. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. 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. United States. Responsible for the development of functional or business unit strategy for the entire organization. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. The company announced its final investment decision for the Uaru development in Guyana. 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. OneDayhas promoted Kelsey Rea to the director of people and culture at the video app company. It combines Income taxes and Total other taxes and duties with sales-based taxes, which are reported net in the income statement. Mortlock has been the energy infrastructure company's chief operating officer since 2019, and will take over as CEO from Alan Foy on 1 March. , President and General Manager In 2007 he was appointed acting deputy attorney general by then-president George W Bush. 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. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. Based in Singapore, Andrew oversees marketing activities for EMLAPs global equity LNG portfolio. Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. ExxonMobil LNG Asia Pacific (EMLAP). Provides overall vision, leadership, strategy, and execution of all marketing programs and initiatives of the organization. Stay informed on the latest trends and developments The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $531,300 to $870,900 with the average total cash compensation of $678,500. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. Our weekly 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. Dave Brownell Senior Vice President Global Operations 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 Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. This press release includes cash flow from operations and asset sales (non-GAAP). 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. Capital and exploration expenditures were $6.4 billion, on track to meet the company's full year guidance of $23 billion to $25 billion. ExxonMobil Corporations board has picked Craig Morford as the companys next vice president and general counsel. President Exxon Mobil Corporation officers D. W. Woods Chairman of the Board (1) N. A. Chapman Senior Vice President (1) K. A. Mikells Senior Vice President and Chief Financial Officer (1) J. P. Williams, Jr. Senior Vice President (1) D. L. Ammann Vice President J. R. Chapman Vice President, Tax and Treasurer (1) Compared to the same quarter last year, earnings increased $2 billion. Mikells joins ExxonMobil from Diageo plc, where she held the position of chief financial officer since 2015 and was a member of the board of directors. Augustine Agency hires Barbara DAmato, who will serve as a board advisor to the agency. 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. Optimization and Trading, ExxonMobil LNG Asia Pacific (EMLAP). 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. 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. Copyright IR Media Group Ltd. 1995 - 2023 All rights reserved. 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 Mikells was previously chief financial officer at Diageo and a member of its board of directors. 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). 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. This measure is useful when evaluating cash available for financing activities, including shareholder distributions, after investment in the business. Based in Doha, Dominic is responsible for all of ExxonMobils Qatar joint venture businesses. Darren Woods, ExxonMobils chair and CEO, said: 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.. 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. Defines corporate vision and strategy establishes company direction and focus. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. ExxonMobil Asia Pacific Pte Ltd (EMAPPL). 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. 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. The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. During her time at United Airlines, she was also vice president of investor relations and treasurer. 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. 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. 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. 000 0000: 000000 00000: Exxon Mobil: Chief Executive Officer & Chairman: 000 0000: 0000000 0000: Exxon Mobil: Board Member: 000 . A reconciliation to total taxes is shown in Attachment I-a. 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. 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. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. The company announced as of year-end 2022, it had reduced greenhouse gas emissions intensity of its operated assets by more than 10% and methane intensity by more than 50% relative to a 2016 baseline, 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 (CO. Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. Morford received his JD from Valparaiso University and his bachelors degree in economics from Hope College. 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. 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. Andrew Barry ExxonMobil Qatar. Unfavorable margin effects were more than offset by higher volumes supported by China demand recovery and finished lubes market position growth as well as seasonally lower expenses. Senior Vice President Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. Projects or plans may not reflect investment decisions made by the company. We welcome Matt to ExxonMobil and will leverage his knowledge and experience to enhance our corporate communications, said Darren Woods, chief executive officer and chairman. Located in Perth, Margaret manages ExxonMobils interest in the Gorgon venture. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. Free cash flow is the sum of net cash provided by operating activities and net cash flow used in investing activities. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. Crenshaw received a bachelors degree in communications from Southern Methodist University and continued his education at the University of North Texas. The company announced its final investment decision for the Uaru development in Guyana. 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. HR or Marketing? Margaret Rogacki HR Full Circle Consulting LLC - East Peoria . 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. 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. 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). Send your companys personnel moves to online managing editor Bianca R. Montes at [emailprotected]. 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. Frequently used terms and non-GAAP measures. What does a CMO do at companies like EXXON MOBIL CORP? 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. All Rights Reserved. Ebner joined the Exxon Companys US law department in May 1980 in New Orleans, where he worked as an attorney in the litigation group. Previously she was chief financial officer at Xerox, ADT, Nalco and United Airlines. 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. Join to view profile ExxonMobil. Jos Evens The average salary for CMO at companies like EXXON MOBIL CORP in the United States is $461,400 as of March 28, 2023, but the range typically falls between $399,100 and $561,800.
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