exxonmobil chief technology officer

And then just the last comment, like does the program end? Their exports have been higher in the first quarter, but, you know, it depends to see how those play out going forward. But I wonder if the direction we're going with cash, you know, even net of shareholder returns that are continuing to increase and that are well within sort of your targets, you know, if we're kind of getting beyond fortress and into something even bigger than that. We're very much on track for the 9 billion at the end of this year relative to 2019. Good day, everyone, and welcome to this ExxonMobil Corporation first quarter 2023 earnings call. Karen McKee, formerly president of ExxonMobil Chemical Company has been appointed to lead ExxonMobil Product Solutions. Mr. Berges, 46, most recently served as CFO for Cheops Technology nv/sa, an industry-leading managed service provider in secure IT infrastructures and cloud Exxon has faced pressure from investors to shake up its leadership in the executive suite and its board of directors after years of poor returns and as other global oil majors invest more heavily in the energy transition. Mikells is the first woman and first external hire to enter Exxon's uppermost echelon. Be exceptional. If you think about how that's manifested itself in upstream, you know, it's been a significant reduction in what I would describe as above field costs. He is a Certified Internal Auditor, Certified Information Systems Auditor and Certified Fraud Examiner. I think three-month treasuries are at 5% today. Proactive and consistent dialogue with stakeholders to address environmental, social and governance priorities. WebExxonMobil. 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. So, I'll risk a follow-up very quickly. I think that that completes our queue. And if you look at the production in the quarter, you guys reported 615,000 barrels a day. IRVING, Texas April 28, 2023 Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. He is a native of Stoke-on-Trent, England. All Rights Reserved. I would say, generally speaking, we like what we're seeing in terms of productivity in the Permian. Simmons directs the supply, trading and hedging activities for supply of crude oil to all Valero refineries, and oversees international operations and refinery systems optimization. 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. We'll go next to Paul Cheng with Scotiabank. A significant contributing factor was structural cost savings that now total approximately $7.2 billion. Find your future. Copyright 2003-2023 Exxon Mobil Corporation. 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. Then I've got a quick follow-up, please. I think good progress in both PNG and Mozambique. Following a record year, ExxonMobil delivered the highest first quarter earnings in our history, even as energy prices and refining margins moderated from the fourth quarter. 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. Former EVP of Development at Epic Games will lead innovation and technology strategy for Yuga's next stage of growth. There are always short-term disruptions. The sound science of cleaner energy: Jenny Seagraves. In 2014, Mr. Chapman was awarded an honorary doctorate by his alma mater, the University of Surrey. So, I want to stick with the Permian, but I'm not going to ask an M&A question. He joined the company from AMD, where he served as head of research and advanced development. In 2007, he served as Vice President of Process Safety and Reliability, where his responsibilities included the creation of the overall management system for refining operations as well as the technical standards and work processes that drive operational excellence. Jack Williams was elected senior vice president of Exxon Mobil Corporation in 2014. And so, we can now trade all along the entire length of the value chain. Here with me are Darren Woods, chairman and chief executive officer; and Kathy Mikells, senior vice president and chief financial officer. He is also a member of the Business Roundtable, the Business Council and the Texas A&M University Engineering Advisory Council. That's investing in the business and competitively advantaged high-return projects. It's really a question of how do we optimize and maximize the value, and that's been the focus from the very beginning and continue to be one. We think that makes a lot of sense. He also has studied international and English law at the University of Oxford in England, and has extensive international legal experience working in South America, Asia andEurope. If you look overall at where our number of -- I'd say different programs are driving savings for us. We can trade across those value chains. Unlocking the potential of advanced recycling: Natalie Martinez. So, that's how I think about it. That enabled us, obviously, to have better throughput than we would have been planning overall for the quarter. This is about going out and optimizing given the asset base that we have, the value chains that we're participating in, taking the insights generated from running those businesses and the opportunities that come with those insights and transacting on them. Other past positions include oversight of the companys North Slope and Cook Inlet interests in Anchorage, Alaska; deputy production manager for the companys South China Sea operations in Malaysia; two years in the U.S. upstream planning organization; operations superintendent for the company's East Texas field areas; and operations manager for the companys Gulf Coast and offshore California properties. Mike Seavers Joins Yuga Labs as Chief Technology Officer. Analog Devices, Inc. (Nasdaq: ADI) today announced the appointment of Alan Lee to the position of Chief Technology Officer (CTO). Search. Rich Lashway is Senior Vice President-Corporate Development andStrategy. And is 9 billion -- like is that the end of the program or is there something to happen beyond that? April 27, 2023 at 06:45 AM EDT. We've got some fairly diverse assets with respect to the ability to manage feed and change feedstocks around. So, I think, you know, that's kind of the things to watch. What I would say is as you look at where we're at today, I mean, this is seasonally a low point as you head into second quarter then third quarter and driving season, when you tend to see supply and demand tighten up and margins improve. 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. Thanks for taking my question. And at this time, I'd like to turn the call over to the vice president of investor relations, Mrs. Jennifer Driscoll. From 2010 to 2013, Mr. Williams was president of XTO Energy Inc., which ExxonMobil acquired in 2010. That led to a very different development approach trying to work across -- you know, and this cube design, work across all the benches simultaneously to maximize ultimate recovery. 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? Thomas earned a business administration degree in quantitative analysis from California State University-Fresno in 1983, graduating Magna Cum Laude. Rich Walsh serves as Senior Vice President and General Counsel. If You Do This, You Won't Have to Worry About Them, 1 Trillion-Dollar Growth Stock Down 28% You'll Regret Not Buying on the Dip, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Jason Fraser serves as Executive Vice President and Chief Financial Officer. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. It's only if we find a valuable opportunity to do that. Yeah. The role can differ from company to company but usually includes everything from: Technology vision and strategy Architecture Innovation Software development Infrastructure We've had -- we've traded for a long time. (210) 345-2000. Koen Berges to Succeed Johan Albrecht. And then I'll just circle back, you asked a little bit about inflation. Dec. 22, 2020, Who we are We focused -- I'll remind you, on the Beaumont expansion, this is something that we began planning and developing many, many years ago, and it was really built on the Permian production and the changes and transportation differentials by bringing crude into the front end of the Beaumont refinery and making the intermediate products to fill our conversion capacity and backing out imports of intermediates and saving the transportation of those intermediates that are typically coming from afar. Good morning. I think you're going to see some movement in that up and down. Simmons has a Bachelor of Science degree in chemical engineering from the University of Oklahoma and a Master of Business Administration degree from University of Texas at San Antonio. Global business solutions will centralize a majority of our finance and procurement operations, enabling us to deliver simplified corporatewide processes. Valero Headquarters 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. Good morning. But I would just say, you know, generally, as we think about the dividend, we try to keep the long term in mind and also be extremely conscious of the commodity cycles and the variability and the volatility that we see in the marketplace and making sure that we establish a level of dividends that are reliable, sustainable, and I'd like to see those grow with time. I appreciate the answer. Well, I think if you look at the plans we set ourselves, I think, back in 2018, where we talked about, particularly in the upstream, increasing our divestments and taking a very thoughtful approach there, making sure that we were positioning ourselves that when the market was right and we had interest from buyers that we had assets ready to sell and divest has worked fairly well. Now let's move to Q&A. In this role, Alan will identify and work to advance the next-generation technologies that will disrupt and shape the semiconductor industry and its markets. Our executive team is committed to operations excellence, disciplined management of capital and long-term value. Experience Chief Technology Officer ExxonMobil Jan 1999 - Present 24 years 4 months. Hi, guys. We would have seen, actually, the benefit of some of that in this recent quarter. And then with time, that'll get balanced out based on transportation differentials. We believe that this technology will address one of the largest environmental challenges of today, CO 2 emissions from industrial and commercial Thank you. Thanks very much. We're in the market to find value, and we're willing to kind of let volumes do what they will do in the search for making sure that anything that we bring into the portfolio is accretive and is a unique value contribution for the shareholders. We got high gas prices in Europe with, I think, the potential to go higher. He earned his Bachelor of Business Administration degree from the Business Honors Program at the University of Texas at Austin, and his Juris Doctor from Harvard Law School. Darren, can I ask, in Mozambique, Total seems to be optimistic about the security on the ground. So, I think -- you know, my view is we're going to see the typical push-up in the summer and see margins rise. Gasoline demand looks pretty reasonable, frankly. I don't, frankly, see that changing in the short term. Massachusetts Institute of Technology. And I'm wondering if you see that dynamic as kind of balanced where cracks in Asia are zero, but margins in the U.S. are still 20, and that's kind of representative of the market structure that we're in, or do you expect the weakness in Asia margins to kind of force U.S. refining margins lower in the near term? So, that polypropylene unit that we brought on, it really -- what is a pretty low point in the polypropylene market to make earnings -- positive earnings on a brand-new piece of kit that starts up in the lowest of the cycle is, I think, a testament to the strength of the projects that we are investing in and bringing in online. CIO. Bhullar joined Valero in 2014. 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. chairman and chief executive officer. In addition, he was responsible for all business activity and operations of Valeros assets in the United Kingdom and Ireland. Alan Lee was named the new chief technology officer at Wilmington's Analog Devices. That's, I think, really what's going to underpin where we focus our attention. He progressed through a number of domestic and international assignments for Exxon Company International, ExxonMobil Chemical Company and ExxonMobil Refining and Supply Company. Mike Seavers Joins Yuga Labs as Chief Technology Officer. 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 I think that's what you saw in the first quarter, and then these more macro impacts, we'll see how that plays out as we go forward. Making the world smarter, happier, and richer. So, that was a help in the first quarter, some of that feed optimization, and that'll play into it as well. Just if possible, a quick follow-up. U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, Why I Refuse to Chase the Maximum Social Security Benefit, Social Security Cuts May Be Coming. Greg Bram serves as corporate Vice President-Supply Chain Optimization, responsible for all economic analysis pertaining to Valero's refining operations. So, you obviously have a big advantage with your refining footprint and your asset base. We'll go next to Alastair Syme with Citi. Exxon Mobil Corporation officers. In 2013, he transferred to Valero's Investor Relations department, before earning promotions to Vice President and ultimately Corporate Officer. Thanks for taking my question. In this role, Alan will identify and work to advance the next-generation technologies that will disrupt and shape the semiconductor industry and its markets. 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. Chief Technology Officer Job Description and Skills. I'd say specifically and working through project concepts and designs and making sure that we're developing projects that are going to be on that left-hand side of the cost of supply curve, and bringing on production is very competitive in the marketplace to make sure that, for the long-term, we have a robust supply point there. The Motley Fool has a disclosure policy. K. A. Mikells Senior Vice President and Chief Financial Officer (1) C. S. Morford Vice President, General Counsel and Secretary ( 1) D. L. Talley Vice President-Corporate Strategic Planning (1) D. G. Wascom Vice ExxonMobil Is Near an All-Time High -- Is the Stock Still a Buy? 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. Find contact details for 700 million professionals. Bram holds a Bachelor of Science degree in chemical engineering from the University of Missouri-Rolla, now known as Missouri University of Science & Technology. 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. WebBrad W. Corson was appointed chairman, president and chief executive officer of Imperial on January 1, 2020. And like I said, even in the short time, we've seen some really good results. We described some of them in our cautionary statement here on Slide 2. Exxon Mobil's compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million from $1.70 million this WebWe 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. Learn more about applying for a job with Team Valero. 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. WebThe chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. You're adding base capacity downstream. ExxonMobil's supply chain will consolidate supply chain activities globally. OK, Doug. Thanks for taking my question. And so, we've got a really streamlined and a good view of the marketplace. 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. Am I wrong in that, or is there -- any color would be helpful. 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 Bram moved to San Antonio in 2006 to serve as Vice President-Northeast/West Coast Optimization, added Mid-Continent operations to his duties in 2007 and moved to a similar role over Gulf Coast operations in 2009.

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