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. 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. How much does a CMO make at companies like EXXON MOBIL CORP in the United States? 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. He will succeed Randall Ebner, who has announced his retirement effective November 1 having spent more than four decades with the company. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. Crenshaw will focus on growing business through internal and external marketing strategies and providing senior communications counsel to clients in his new role. She is currently pursuing a Doctor of Education in organizational change and leadership at the University of Southern California. Morford is currently deputy general counsel. , 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. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. 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. ISMG offers news, views, research, education ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 16 days ago, LA Jazz Festival - Los Angeles Our weekly 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). This was a decrease of $176 million versus the fourth quarter driven by lower financing costs. Executes multiple high impact initiatives to achieve overall corporate goals. 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. ExxonMobil Executive Team | Comparably 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. 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. What Are the 9 Roles of a CMO (Chief Marketing Officer)? - Indeed The company announced its final investment decision for the Uaru development in Guyana. He was named chief attorney of ExxonMobil Chemical Company in 2000 and chief attorney of ExxonMobil Gas & Power Marketing Company in 2003. To learn more, visit exxonmobil.com and the Energy Factor. Structural cost savings are stewarded internally to support management's oversight of spending over time. Houston Area Parkinsons Society (HAPS) Jan 2010 - Present13 years 4 months. 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. 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. Rea, who previously served as an executive assistant, will now be responsible for HR, culture, talent acquisition, onboarding, learning and development, and compensation and benefits. 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. Frequently used terms and non-GAAP measures. Optimization and Trading, ExxonMobil LNG Asia Pacific (EMLAP). She oversaw human resources strategy and operations, talent acquisition, organizational development, and employee reward programs. This press release also references structural cost savings. , In addition, you will be accountable for ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 3 days ago, Summer Classics Inc - Pelham 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. Morford then joined ExxonMobil in 2019 as deputy general counsel. Compensation data tools, salary structures, surveys and benchmarks. 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. She received a bachelors degree from the University of Texas at Dallas and a management certificate from Southern Methodist University. Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. Improved finished lubes margins partially offset lower industry basestock prices. Projects or plans may not reflect investment decisions made by the company. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Join to view profile ExxonMobil. 4 . Improved finished lubes margins partially offset lower industry basestock prices. 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. 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. The term resource base or similar terms are not intended to correspond to SEC definitions such as probable or possible reserves. Crenshaw brings more than 20 years of experience in organizational communications and change initiatives. Sherri Evers was appointed vice-president, commercial and corporate development, effective January 1, 2021. Request for Proposal (RFP) Chief Marketing Officer for the Los Angeles Jazz Festival Overview: The Los Angeles Jazz Festival is seeking a Chief Marketing Officer (or firm) to develop and implement a ExecuSource - Burbank Quinntine Dunford Director Of Operations Quinntine Dunford serves as the Director Of Operations of ExxonMobil. 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. Based in Houston, Peter is responsible for the end-to-end value chain management of ExxonMobils LNG business. ExxonMobil elects Matt Furman as vice president, public and government affairs; Suzanne McCarron to retire. He is on the Board of Directors at Colorado School of Mines Foundation, U . Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. CA. 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. James Moretti Chief Operations Officer at ExxonMobil 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 first quarter 2023 results 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. Executive Bio. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. Copyright 2003-2023 Exxon Mobil Corporation. 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. We explore for, produce and sell crude oil, natural gas and petroleum products. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. General Manager 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. 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. Before entering the corporate sector, Furman worked in various public sector positions including as Director of Communications for the Federal Emergency Management Agency and the New York City Mayors Office of Emergency Management. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. Exxon Mobil Company Profile: Stock Performance & Earnings | PitchBook The company announced its final investment decision for the Uaru development in Guyana. ExxonMobil's Marketing Manager compensation is $53,026 more than the US average for a Marketing Manager. ExxonMobil Upstream Oil & Gas Company. 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 has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO. Executive moves: Amazon, PayPal, Neiman Marcus, ExxonMobil Manager LNG Operations 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). ExxonMobil picks successor to general counsel - Corporate Secretary Identified Items Per Common Share (non-GAAP), Earnings/(Loss) Excl. Head Of Marketing at ExxonMobil Dallas-Fort Worth Metroplex. These impacts were partially offset by higher volumes, mix improvements driven by advantaged project growth, strong operating execution, and disciplined cost management. Requires a bachelor's degree or equivalent. Diligent Corporation, which was founded in 2001, is headquartered in New York, NY with a European HQ in London. 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. Carriero was previously a VP of leasing with JLL in its third-party national mall and open-air platform. The average salary for CMO at companies like EXXON MOBIL CORP in the United States is $451,400 as of August 29, 2022, but the salary range typically falls between $390,500 and $549,700. In 1999, he became president and general manager of Mobil Oil Canada, and was later appointed corporate production advisor at ExxonMobils headquarters in Irving, Texas. James Moretti Chief Operations Officer James Moretti serves as the Chief Operations Officer of ExxonMobil. 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. 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. 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. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. 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. It combines Income taxes and Total other taxes and duties with sales-based taxes, which are reported net in the income statement. Copyright 2003-2023 Exxon Mobil Corporation. Kathryn Mikells joins ExxonMobil as chief financial officer - Board Agenda References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. Employees 62,000. In 2007, he was appointed as acting deputy attorney general by former President George W. Bush. Pamela Kearney Skaufel - Vice President Global Procurement - ExxonMobil Located in Perth, Margaret manages ExxonMobils interest in the Gorgon venture. DAmato comes to Augustine with more than 30 years of commercial and investment banking experience in various industries. Mikells was previously chief financial officer at Diageo and a member of its board of directors. Asger Michael - Chief Technology Officer - ExxonMobil | Business In his role, Carriero will be responsible for overseeing a portfolio of project leasing assignments and procuring new landlord and tenant clients. McCarron, who has been vice president since 2016, joined Mobil in 1998 as a manager in public affairs in Canada. No spam, ever. Gina Clark is executive vice president and chief communications & administration officer for AmerisourceBergen where she oversees strategic communications, marketing, government affairs, and corporate citizenship. regulatory updates, governance trends and best practices, careers and much more. Exxon Mobil Corp. XOM (U.S.: NYSE) - The Wall Street Journal Corporate and affiliate officers | ExxonMobil Partners with line of business leaders to ensure marketing programs and advertising expenditures support company revenue and growth objectives. Company Info Exxon Mobil Corp. 5959 Las Colinas Boulevard. 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. 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. 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. Furman has a law degree from the American University School of Law and holds a bachelors degree from the State University of New York at Binghamton. Typically reports to ceo. 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. 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. 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. 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. 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. 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. 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. Compared to the same quarter last year, earnings increased $2 billion. 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. James Moretti Chief Operations Officer at ExxonMobil. Nuckols received her BBA in marketing from California State University, Chico. Excluding the identified item associated with the Sakhalin-1 expropriation, net charges decreased $241 million. Frequently Used Terms and Non-GAAP Measures. 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. Compared to the same quarter last year, net charges declined $339 million due to lower financing costs. DAmato received her post-graduate executive education from Harvard Business School and a bachelors degree from California State Polytechnic University, Pomona. Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. 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. Identified items unfavorably impacted earnings by $158 million this quarter, down from $561 million in the previous quarter. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Based in Doha, Dominic is responsible for all of ExxonMobils Qatar joint venture businesses. 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. 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. Map. 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. Nuckols has also been recognized with two distinct industry awards, including the Norm Campbell Rookie of the Year and Media Planner of the Year.. Susan Simmons joins Agents National Title Insurance as its new Southwest agency operations manager. Dallas, Texas 75201. Copyright 2003-2023 Exxon Mobil Corporation. In this role, she was accountable for strategy, investor relations, supply chain, procurement and finance. Throughout this press release, both Exhibit 99.1 as well as Exhibit 99.2, due to rounding, numbers presented may not add up precisely to the totals indicated. Morford previously spent 20 years with the United States Department of Justice. Suite 2100 Management Committee | ExxonMobil 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. Andrew Swiger to retire as senior vice president of Exxon Mobil Corporation;Kathryn Mikells elected senior vice president and chief financial officer.
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