He started as a Director in Corporate Development and moved to Business Development in 2015, where he was promoted to Vice President in 2018. ExxonMobil has a long history of leadership in the petroleum and petrochemical industries. ExxonMobil India announces new CEO and Lead Country Manager ExxonMobil To Move Its HQ, Reorganize Business Structure - JPT But I was wondering, Darren, if you could just address how and remind us how you're thinking about dividend growth, right, because we've got, you know, clear evidence here that you've got, you know, foundational earnings growth. Thanks. In 2006, Mr. Chapman served as executive assistant to the chairman of Exxon Mobil Corporation and in 2007 as president of ExxonMobil Global Services Company. Chief Technology Officer We actually have put an additional disclosure in our press release. He joins from Strides where he served as CIO. Exxons Humbling Fall From Oil Juggernaut to Mediocre Company In simple terms, the Chief Technology Officer is the executive responsible for managing and driving value from technology within an organisation. So, I think we're in -- that's an important context in terms of what we're seeing right now. Chief Technology Officer Prior to Bracewell, she practiced law at Troutman Sanders in Atlanta, with a short secondment to CNN as in-house labor and employment counsel, and the State of Georgia as an Assistant State Attorney General. Unlocking the potential of advanced recycling: Stephanie Westbrook. Sam Margolin -- Wolfe Research -- Analyst. My sense of things is, you know, if you go look back last year and the export levels coming out of China and the balances in Asia, that stayed reasonably tight. Chief Technology Officer ExxonMobil CEO and key executive team | Craft.co Corporate and affiliate officers | ExxonMobil And we'll go next to Devin McDermott with Morgan Stanley. Bill Keillor - Vice President, Global Information Technology You know, you can look up what people are earning on short-term cash. Exxon Mobil That way, we can accommodate more questions from more people. We can trade across those value chains. The California Public Employees Retirement System is recruiting for a chief technology officer (Career Executive Assignment) to direct and oversee enterprise technology infrastructure services across all of CalPERS retirement, health and investment programs. I would say we haven't changed our year-end targets, and so the guidance that we gave as part of the corporate plan discussion last year continues to hold. ExxonMobil said the rise in profits included a $3.4bn after-tax reduction to exit Russia. Darren, you've spent a lot of time in the refining business over the years, and you've had a perspective on these calls that margins were going to start to normalize, and we're seeing some indication of that. FuelCell Energy Takes Step Toward Commercializing Carbon Analog Devices Appoints Alan Lee as Chief Technology Officer Homer Bhullar is Vice President Investor Relations and Finance. We believe that this technology will address one of the largest environmental challenges of today, CO 2 emissions from industrial and commercial Mike Seavers Joins Yuga Labs as Chief Technology Officer It's got to be one where what ExxonMobil brings to the table actually increases what either company would do independent of one another. A CTO should have the business knowledge necessary to align technology-related decisions with the organization's goals. He is also a member of the Business Roundtable, the Business Council and the Texas A&M University Engineering Advisory Council. *Stock Advisor returns as of April 24, 2023. And do you guys still have concern on security or that you are going through the similar process to Total on the cost structure side? So, my expectation is, you know, we've got an inventory of things going forward and would expect to see, in my mind, kind of consistent rate of being out in the market and basically finding -- seeing if we can find buyers who have a higher use for the assets than we do and, therefore, a better value and, therefore, give space. Just if possible, a quick follow-up. I think three-month treasuries are at 5% today. It's obviously something that we look at regularly, and we know it's important to ensure that dividend is competitive and growing. Hey, good morning. So, we do like the progress that we've seen there. From 2011 to 2021, Eric led the implementation of these practices amongst Valero's refining network, helping the business achieve first quartile performance across Solomon energy industry benchmarking metrics. Materialise NV Announces New Chief Financial Officer OK, Doug. So, my expectation is as these new organizations come together, they'll begin to find things. So, I think, you know, in times when the markets are on the high end of the cycle, I would expect to see cash balances higher so that we're well positioned as we go into the low end of the cycle, which we know will come. ExxonMobil (XOM) Q1 2023 Earnings Call Transcript Jack Williams was elected senior vice president of Exxon Mobil Corporation in 2014. She joined Valero in December 2006 as Managing Counsel-Labor & Employment, overseeing legal aspects of Valeros human resources policies, discipline, litigation and immigration. I think, you know, these -- like all of the businesses that we're in, the underlying drivers of the chemical margins tend to be the commodity chemicals that are driven by supply demand and the balances or imbalances in the supply demand. He oversaw all commercial trading and related activity for the company, including Crude and Feedstock Supply and Trading, Products Supply and Trading, Wholesale Marketing, Logistics Operations, Commercial Business Development, Transportation and Specialty Products Marketing. She is a native of Chicago. Education Thanks very much. Former EVP of Development at Epic Games will lead innovation and technology strategy for Yuga's next stage of growth. So, just wondering if you could remind us, you know, sort of on a mid-cycle basis how to think about, you know, and how the board thinks about dividend growth because, certainly, you've de-risked some of those foundational earnings. I'll start, and then I'll hand it over to Kathy to build on. Chief Technology Officer Job Description and Skills. After her time with United, Ms. Mikells went on to serve as chief financial officer at ADT Incorporated and Xerox Holdings Corporation before joining Diageo in 2015. Yeah. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. San Antonio, TX 78249 Yeah. Also, please remain on the line in case we need to ask any clarifying questions. Alan Lee was named the new chief technology officer at Wilmington's Analog Devices. And then obviously, we can balance disbursement -- shareholder disbursements with buybacks. We're working with our partner there, Total. Does that change at all the way you look to manage your cash balances going forward? But I would -- I'd make the same. Good morning. And what triggered our emphasis on China trade and the emphasis that we're putting on trade is the reorganization that we made coming out of the functional organizational construct into value chains. And so, that's kind of, I'd say, the underlying approach. There's quite a big change first quarter versus fourth quarter in depreciation. Exxonmobil Chief Apr 28, 2023, 8:00 a.m. The organizations will focus on leveraging our scale to drive efficiencies, improve operating and financial results, and importantly, deliver an improved experience for customers, vendors, and our people. FuelCell Energy Takes Step Toward Commercializing Carbon There are always short-term disruptions. They're meant to accompany the first quarter earnings news release, which is posted in the same location. So, I think, you know, that's kind of the things to watch. So, there will obviously be periods of time where things constrain that. Thanks for the question. Hebegan his career with Valero in 1999. You know, you all know, we, several years ago, had a strategy on maximizing oil recovery versus initial production rates. Darren, can I ask, in Mozambique, Total seems to be optimistic about the security on the ground. From 2010 to 2013, Mr. Williams was president of XTO Energy Inc., which ExxonMobil acquired in 2010. We're very much on track for the 9 billion at the end of this year relative to 2019. Effective On May 1st, two new enterprisewide organizations will be up and running. Thanks. WebBrad W. Corson was appointed chairman, president and chief executive officer of Imperial on January 1, 2020. I think I couldn't remember if Jennifer said one question or one plus one follow-up. Mr. Woods was appointed president of ExxonMobil Refining and Supply Company and vice president of Exxon Mobil Corporation in 2012. In 2014, Mr. Woods was elected senior vice president of Exxon Mobil Corporation. Effective January 1, 2016, Mr. Woods was elected president of Exxon Mobil Corporation and a member of the board of directors. Welcome to ExxonMobil's first quarter 2023 earnings call. Apr 24 2023 - Wilmington, MA. Rich Lashway is Senior Vice President-Corporate Development andStrategy. From 2007-2009, he was the vice president of engineering for ExxonMobil Production Company. So, we feel really good about where we're at today on our balance sheet. ET. I mean, our capital allocation approach, I think, has been very consistent and very clear. ExxonMobil But I think maintaining a long-term perspective and making sure our shareholders feel rewarded through the dividend policy is an underlying principle. Paul Grewal, chief legal officer at Coinbase, sits down with CNBCs MacKenzie Sigalos at Consensus 2023 to discuss the companys response to the SECs
We'll go next to Roger Read with Wells Fargo. And so, that -- the Europe set is the price setter for global markets ex-transportation. He will continue to lead the growth strategy for Accentures Industry X business, which includes digital manufacturing and intelligent products and platforms. And today, I feel pretty optimistic about that. Prior to joining Valero, Locke worked at La Quinta Corporation and Ernst & Young LLP, in SEC reporting and audit and assurance roles, respectively. Walsh has served in many different leadership roles within Valero's legal department. The margin, we saw a lot of capacity come on. Simmons joined Valero in 1987 and began his career as a Process Engineer at the Ardmore refinery and held many leadership positions including Executive Director-Regional Development, Vice President and General Manager of the Ardmore refinery, Vice President and General Manager of the St. Charles refinery, and Vice President-Planning and Economics, before being promoted to his current position.
You know, that balance sheet gives us all the firepower and confidence we need to succeed across a very wide variety of market conditions, which is obviously what this industry faces. Be exceptional. WebChief Technology Officer @ ExxonMobil; Executive Agent @ Firmdrex , , , , Not the Asger Michael you were looking for? We'll go next to Paul Cheng with Scotiabank. And so, you know, that's all about improving the experience for our employees, for our vendors, for our customers, and continuing to drive efficiencies and, importantly, effectiveness across those organizations. That's what the organization is going to be doing. I think the margins in the U.S. will be a function of, you know, what production source is setting the marginal layer of production. And the final point I'd make to build on what Kathy said is we have seen, with all these organizational changes, as our people have come together in the new organizations and focused on the objectives of those organization and what the corporation is trying to achieve, we find a lot more opportunities than we could envision even going into the changes. Thanks. My view is success in technology and developing proprietary technology, which improves either resource recovery or the cost of developing that resource, whatever that is, whatever value lever our technology can bring to the table, that obviously opens up deals space. And, you know, about 40% of our shareholders are retail shareholders, so, you know, more of the moms and pops across the globe that, you know, are investors, and so we know it's important. Ms. Mikells serves on the board of Hartford Financial Services Group. Maybe a question on the chemicals business. So, you know, that's a big part of our overall strategy and mixing up in both the chemical business and across our product solutions business, and we feel very good about the results that's bringing. It's strong sequential growth versus 4Q and also puts you already in line with that 10% growth target that you had laid out for 2023. Obviously, the first I would make is we don't really pride ourselves on being able to forecast margins. By: Materialise via Business Wire. I would just be curious on your views on what you're seeing in terms of product demand and then how do you think it's going to manifest itself in -- through the refining system from a margin perspective over the next couple of years? ExxonMobil Is Near an All-Time High -- Is the Stock Still a Buy? The Permian is doing well. Guyana, we're pleased to announce that we reached final investment decisions for Uaru, fifth offshore project, which will bring on even more production from this low-cost, low-carbon intensity resource. That has been what I would say is on a continuum of growth. 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 And as you move in the value chains, the opportunity to trade along that value chain and generate insights and advantage along the value chain changes pretty dramatically. The only other thing I'd add is, you know, we obviously brought on our Baton Rouge chemical expansion project late in the fourth quarter.
That will give analysts more time to ask questions before we conclude at 8:30 a.m. Central Time. Gorder earned a bachelors degree in business administration from the University of Missouri-St. Louis and a masters degree in business administration from Our Lady of the Lake University. Internally, we don't actually manage this as, hey, there's a one-time period that we're focused on as opposed to we are focused on continuing to drive structural cost savings over time. The jump came Apr 24 2023 - Wilmington, MA. Good morning. Uaru will provide an additional 250,000 barrels a day of gross capacity, with start-up targeted for 2026. Before coming to ExxonMobil, Ms. Mikells spent six years as chief financial officer for London-based Diageo, Plc. I -- you know, it amazes me that -- the amount of questions that come up from this space. You typically see early in the year a lot of refining turnarounds, which take a lot of capacity offline in that lower-demand season. He also holds a Master of Business Administration degree from Northwestern's Kellogg School of Management in Evanston, Illinois. The ExxonMobil Board of Directors elected Mr. Woods as Chairman and Chief Executive Officer, effective January 1, 2017. So, I'd say we're very comfortable with where we stand. Neil Chapman joined the Exxon Mobil Corporation Management Committee as senior vice president in 2018. Energy Factor
We're making good progress there. The California Public Employees Retirement System is recruiting for a chief technology officer (Career Executive Assignment) to direct and oversee enterprise technology infrastructure services across all of CalPERS retirement, health and investment programs. I'm happy to answer that. ExxonMobil And we had talked about the fact that we would expect our cash balance post the end of the year to kind of ebb and flow, depending on how market prices and margins evolve. In addition, our Beaumont refinery expansion reached nameplate capacity in the quarter. So, on the Beaumont expansion, can you talk about how the capacity is being absorbed in the market? FuelCell Energy, Inc. - FuelCell Energy Takes Step Toward I just would make the final point that, you know, as we look at that -- at divestments, it is a value proposition. He received his Bachelor of Business Administration and Master of Science degrees in accounting from Texas Tech University, where he also played football. Combining our engineering and research kind of groups collectively together. You know, we always use the phrase the world is round. 1LIFE HEALTHCARE INC. Biraj Borkhataria -- RBC Capital Markets -- Analyst. CIO. Management Committee | ExxonMobil IT Head. This 250,000 barrels-a-day expansion is the largest U.S. refinery addition in a decade, helping meet society's ongoing need for transportation fuels. If you look at the quarter, you know, we more than offset inflationary cost pressure with the structural savings that we were able to generate. Global business solutions will centralize a majority of our finance and procurement operations, enabling us to deliver simplified corporatewide processes. Mike Seavers Joins Yuga Labs as Chief Technology Officer. That's investing in the business and competitively advantaged high-return projects. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Chief Great. Thank you. Sure. Obviously, we need to be convinced that that will sustain that progress. Additionally, we look forward to connecting again on May 31st for our annual shareholders' meeting. We believe that this technology will address one of the largest environmental challenges of today, CO 2 emissions from industrial and commercial exhaust streams and power generation, said Jason Few, President and Chief Executive Officer of FuelCell Energy. With that, operator, please open up the line for our first question. Thanks for taking my question. This is not about going out and taking speculative positions. Yeah. Can you characterize where you are in that process and what you think you might have still in front of you in terms of noncore asset sales? After leaving GE, she held finance leadership positions in banking, including the Canadian Imperial Bank of Commerce. Aug. 30, 2022, Who we are
Today's call is being recorded. Reinhart earned a Juris Doctor from Emory University in 1994, and a Bachelor of Arts degree in economics and statistics, with a certificate in actuarial science, from the University of Rochester in 1991.
And frankly, I think it's early with China. Apr 28, 2023, 8:00 a.m. Unlocking the potential of advanced recycling: Natalie Martinez. Prior to attending the University of Texas, Fraser served in the U.S. Army in 1986-1990. Good day, everyone, and welcome to this ExxonMobil Corporation first quarter 2023 earnings call. ExxonMobil engineer Matthew McConomy explains how hes designing advanced recycling systems that can help harness the value of plastic waste. In 2005, Mr. Woods was appointed vice president of ExxonMobil Chemical Company in Houston, Texas, where he managed global specialty-chemical businesses. I'd say we look to take a very balanced approach as we think about shareholder distributions and getting that balance between a growing competitive dividend, right, as well as the efficiency through share repurchases. But generally speaking, that happens. Lane Riggs serves as President and Chief Operating Officer, overseeing refining operations, engineering, projects and strategic sourcing organizations, commercial operations and renewables and logistics operations. This may be a bit of a follow-up on the questions previously about cost structure and the balance sheet. Apr 24 2023 - Wilmington, MA. Eric Honeyman serves as Vice President Renewables Operations & Low Carbon Fuels, serving previously as Vice President Refining Operations. Cheryl Thomas serves as Senior Vice President and Chief Technology Officer, with responsibility for the companys information services network and related technology. You know, a lot of simplification coming across that business as a result. Chief Technology Officer Anjani Kumar has joined Tata AIG General Insurance Company Limited as Chief Technology Officer (CTO) and EVP. Mr. Woods is currently chairman of the National Petroleum Council, and he serves on the board of directors of the American Petroleum Institute and the board of trustees of the Center for Strategic and International Studies. I think we're seeing the results of that starting to manifest itself. Good morning, Neil. [Operator instructions] We'll go first to Neil Mehta with Goldman Sachs. ExxonMobil He is a native of Stoke-on-Trent, England. Learn More, ExxonMobil(XOM 1.29%)Q12023 Earnings CallApr 28, 2023, 8:00 a.m. Making the world smarter, happier, and richer. And so, it's a little bit different than the history of the company, and so would appreciate your thoughts on it. Morford was chief legal and compliance officer for Cardinal Health between 2008 and 2019. Additional information on the risks and uncertainties that apply to any forward-looking statements are listed in our most recent Form 10-Ks and 10-Qs available on our website for investors. He previously served as President, and as Chief Operating Officer, responsible for refining operations and commercial operations in marketing, supply and transportation. In 1994, after earning a Master of Business Administration in Finance from the University of Chicago, she began a 16-year career at United Airlines Holdings Incorporated, where she served in several corporate planning and financial roles before being appointed senior vice president and chief financial officer in 2008. Jason Fraser serves as Executive Vice President and Chief Financial Officer. Prior to joining Valero, he was Refinery Manager at Premcor's Lima Refinery. Chief Technology Officer
Our global projects organization would be a great example of that. You know, it's important for us to have a really strong balance sheet in order to ensure that, you know, we stick to our capital allocation priorities through the cycle, right? Longer term, I think it comes back to what happens in China. ExxonMobil Eric Fisher serves as Senior Vice President-Wholesale Marketing and International Commercial Operations, responsible for global wholesale marketing, including administration of London, Montreal and Dublin operations and the specialty products marketing business. So, we obviously take the company's working capital needs into consideration as we think about our balance sheet and our cash balance. WebExxonMobil. So, I think, you know, looking at the numbers, what sort of jumps off the page is the cash balance, and you've been pretty transparent about this topic, and you know the imperative to build a fortress balance sheet. As a courtesy to other analysts, please limit yourself to a single question. Bill Keillor - Vice President, Global Information Technology
Byers Funeral Home Obituaries,
New Construction Residential Purchase Agreement Florida,
Articles E