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. Unless otherwise indicated, references to earnings, Upstream, Energy Products, Chemical Products, Specialty Products and Corporate and Financing segment earnings, and earnings per share are ExxonMobils share after excluding amounts attributable to noncontrolling interests. 750 North St.Paul St. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. 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. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. A reconciliation of production excluding divestments, entitlements, and government mandates to actual production is contained in the Supplement to this release included as Exhibit 99.2 to the Form 8-K filed the same day as this news release. Based in Doha, Dominic is responsible for all of ExxonMobils Qatar joint venture businesses. Peter Clarke 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. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. 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. ExxonMobil Deputy General Counsel Elected to Become Legal Chief Map. The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. 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. Unless otherwise indicated, references to earnings, Upstream, Energy Products, Chemical Products, Specialty Products and Corporate and Financing segment earnings, and earnings per share are ExxonMobils share after excluding amounts attributable to noncontrolling interests. 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. Houston Area Parkinsons Society (HAPS) Jan 2010 - Present13 years 4 months. 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. 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. She is a former CFO at Xerox, ADT, Nalco and United Airlines. Toggle navigation . 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. EXXON MOBIL CORP CMO Salary | Salary.com Compensation data tools, salary structures, surveys and benchmarks. In May 2016, Ms. Clark was named the president of the AmerisourceBergen Foundation, the company's charitable 501 (c)3. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix improvements, and cost and execution efficiencies, Increased oil and gas net production by nearly 300,000 oil-equivalent barrels per day versus first-quarter 2022, excluding divestments, entitlements, and Sakhalin-1 expropriation, Started up the Beaumont Refinery expansion and reached full capacity of 250,000 barrels of production per day to help meet global demand, Announced final investment decision for the Uaru offshore development and two new discoveries in Guyana, Grew Low Carbon Solutions business with the execution of a new long-term customer contract for carbon capture, transportation, and storage. 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. Previously, Furman was the vice president of corporate affairs at Mars Chocolate and held senior communications positions at Google and CNN. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. 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. 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. ExxonMobil Qatar. 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. To listen to the event or access an archived replay, please visit www.exxonmobil.com. James Moretti Chief Operations Officer at ExxonMobil Robinson, a vocal advocate for racial equity, will work within the communities. Plus DuWest Realty brings on leasing veteran as vice president of retail brokerage, Agents National Title hires operations manager, and more. Mikells was previously chief financial officer at Diageo and a member of its board of directors. Before that, a partner at Tricom/MGHerring. Vice President Follow us on Twitter and LinkedIn . 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 Employees 62,000. XOM | Exxon Mobil Corp. Company Profile & Executives - WSJ Dan Turco She received a bachelors degree from the University of Texas at Dallas and a management certificate from Southern Methodist University. Sector Major Oil & Gas. Dont just tell staff to behave ethically. board moves, CFOs, ExxonMobil, Kathryn Mikells. https://events.irmagazine.com/mandaforum/, Executive compensation disclosure handbook, Investors are asking about ESG. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. 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). Darren Woods serves as the CEO / President of ExxonMobil. 2 The emission reduction outcome of this project is subject to the timing and regulatory approval of necessary permits, acquisition of rights of way, changes in regulatory policy, supply chain disruptions, and other market conditions, Dollars in millions (unless otherwise noted), Earnings and volume summary by segment: Energy Products, 1 Based on ExxonMobil estimates using historical benchmarking results from Solomon Associates, Cash Flow from Operating Activities (U.S. GAAP), Cash Flow from Operations and Asset Sales (non-GAAP), Cash Flow from Operations and Asset Sales excluding Working Capital (non-GAAP), Dollars in billions (unless otherwise noted), From ExxonMobil's Consolidated statement of income (U.S. GAAP), ExxonMobil's share of equity company expenses (non-GAAP), Total adjusted operating costs (non-GAAP), Total cash operating expenses (cash opex) (non-GAAP), Total cash operating expenses (cash opex) excluding energy and production taxes (non-GAAP). (Copyright 2023 Salary.com). Senior Vice President InterDigital appoints Skip Maloney as Chief People Officer - Yahoo Finance ExxonMobil announces first quarter 2023 results, Earnings Excluding Identified Items (non-GAAP), Depreciation and depletion (includes impairments), Changes in operational working capital, excluding cash and debt, Proceeds from asset sales and returns of investments, Additions to property, plant and equipment, Other investing activities including collection of advances, Selling, general and administrative expenses, Exploration expenses, including dry holes, Non-service pension and postretirement benefit expense, Other adjustments (includes equity company depreciation 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. ExxonMobil uses innovation and technology to deliver energy to a growing world. 2 The emission reduction outcome of this project is subject to the timing and regulatory approval of necessary permits, acquisition of rights of way, changes in regulatory policy, supply chain disruptions, and other market conditions, Dollars in millions (unless otherwise noted), Earnings/(Loss) Excluding Identified Items (non-GAAP), 1 Based on ExxonMobil estimates using historical benchmarking results from Solomon Associates, CASH FLOW FROM OPERATIONS AND ASSET SALES EXCLUDING WORKING CAPITAL, Net income/(loss) including noncontrolling interests, Depreciation and depletion (includes impairments), Changes in operational working capital, excluding cash and debt, Cash Flow from Operating Activities (U.S. GAAP), Proceeds from asset sales and returns of investments, Cash Flow from Operations and Asset Sales (non-GAAP), Cash Flow from Operations and Asset Sales excluding Working Capital (non-GAAP), Additions to property, plant and equipment, Other investing activities including collection of advances, Dollars in billions (unless otherwise noted), From ExxonMobils Consolidated statement of income, Selling, general and administrative expenses, Exploration expenses, including dry holes, Non-service pension and postretirement benefit expense, ExxonMobils share of equity company expenses (non-GAAP), Total adjusted operating costs (non-GAAP), Other adjustments (includes equity company depreciation, Total cash operating expenses (cash opex) (non-GAAP), Total cash operating expenses (cash opex) excluding energy and production taxes (non-GAAP). Net income/(loss) including noncontrolling interests, Net income/(loss) attributable to ExxonMobil, Earnings per common share - assuming dilution (U.S. dollars), Other assets, including intangibles - net, Net cash provided by operating activities, Net cash provided by (used in) financing activities, Increase/(Decrease) in cash and cash equivalents, Cash and cash equivalents at end of period, Earnings/(Loss) Excluding Identified Items (non-GAAP), Earnings/(Loss) Per Common Share1 (U.S. GAAP), Earnings/(Loss) Excl. A reconciliation of production excluding divestments, entitlements, and government mandates to actual production is contained in the Supplement to this release included as Exhibit 99.2 to the Form 8-K filed the same day as this news release. Furman joins ExxonMobil from Best Buy Co. Inc., where he was chief communications and public affairs officer since 2012. James Moretti Chief Operations Officer at ExxonMobil. Peter Larden James Moretti and the ExxonMobil executive team are rated a C by 126 employees. Based in Port Moresby, Peter is responsible for ExxonMobil operations in-country, including the Papua New Guinea LNG project. 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. Management Committee | ExxonMobil 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. Australia LNG. Copyright 2003-2023 Exxon Mobil Corporation. NJ. ExxonMobil's Marketing Manager compensation is $53,026 more than the US average for a Marketing Manager. President Dominic Genetti ExxonMobil elects Matt Furman as vice president, public and government In his role, Carriero will be responsible for overseeing a portfolio of project leasing assignments and procuring new landlord and tenant clients. Ebner joined the Exxon Companys US law department in May 1980 in New Orleans, where he worked as an attorney in the litigation group. Health. Improved finished lubes margins partially offset lower industry basestock prices. 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. Stay informed on the latest trends and developments 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. In addition, two new exploration discoveries were made this year. Corporate and Financing reported net charges of $355 million. Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. Andrew Swiger to retire as senior vice president of Exxon Mobil CA. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. Specialty Products earnings were $774 million, up $14 million from the fourth quarter. 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. She will take up her new role next month, when current CFO Andrew Swiger steps down after 43 years at the . 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. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. The 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. , Specialty Products earnings were $774 million, up $14 million from the fourth quarter. Public Company Information: NYSE: XOM Projects or plans may not reflect investment decisions made by the company. 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. In this role, she was accountable for strategy, investor relations, supply chain, procurement and finance. Capital and exploration expenditures were $6.4 billion, on track to meet the company's full year guidance of $23 billion to $25 billion. Report this profile . These charts show the average base salary (core compensation), as well as the average total cash compensation for CMO in companies like EXXON MOBIL CORP in the United States. What Im Watching: Dallas Mavericks Basketball. Boards in the pharmaceutical and life sciences sector face increasingly difficult decisions, according to a We asked key figures what would help boards this year. chairman and chief executive officer. Mikells was previously chief financial officer at Diageo and a member of its board of directors. Similarly, ExxonMobil has business relationships with thousands of customers, suppliers, governments, and others. Ebner joined Exxon Company, USA Law Department in May 1980 in New Orleans, and later became coordinator of Upstream litigation in Houston in 1998. Randall Ebner has announced his retirement from serving as vice president and general counsel for Exxon Mobil Corp., effective Nov. 1. 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. Stay up to speed on DFWs fast-moving business community with weekly news reports, interviews, and insights. Ebner earned his JD from Tulane University and a bachelors degree from Bowdoin College. It operates through Upstream, Downstream, and Chemical segments. The company announced its final investment decision for the Uaru development in Guyana. Located in Perth, Margaret manages ExxonMobils interest in the Gorgon venture. In 2001, Swiger moved to London as production vice president for Africa, and in 2003 was appointed production vice president for the Europe/Caspian/Russia region. Top ExxonMobil Employees Trevor Nysetvold President, ExxonMobil Investment Management Inc., and In-House Investment Manager. Morford is currently deputy general counsel. ExxonMobil Asia Pacific Pte Ltd (EMAPPL). 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 (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). I thank Suzanne for her many contributions to the companys success during her career and wish her all the best in retirement.. These include global or regional changes in the supply and demand for oil, natural gas, petrochemicals, and feedstocks and other market factors, economic conditions and seasonal fluctuations that impact prices and differentials for our products; government policies supporting lower carbon investment opportunities such as the U.S. Inflation Reduction Act or policies limiting the attractiveness of future investment such as the additional European taxes on the energy sector; variable impacts of trading activities on our margins and results each quarter; actions of competitors and commercial counterparties; the outcome of commercial negotiations, including final agreed terms and conditions; the ability to access debt markets; the ultimate impacts of COVID-19 or other public health crises, including the effects of government responses on people and economies; reservoir performance, including variability and timing factors applicable to unconventional resources; the level and outcome of exploration projects and decisions to invest in future reserves; timely completion of development and other construction projects; final management approval of future projects and any changes in the scope, terms, or costs of such projects as approved; government policies and support and market demand for low carbon technologies; war, civil unrest, attacks against the company or industry and other political or security disturbances; expropriations, seizure, or capacity, insurance or shipping limitations by foreign governments or laws; opportunities for potential investments or divestments and satisfaction of applicable conditions to closing, including regulatory approvals; the capture of efficiencies within and between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies; unforeseen technical or operating difficulties and unplanned maintenance; the development and competitiveness of alternative energy and emission reduction technologies; the results of research programs and the ability to bring new technologies to commercial scale on a cost-competitive basis; and other factors discussed under Item 1A. 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. A reconciliation to earnings is shown for 2023 and 2022 periods in Attachments II-a and II-b. Manager LNG Operations In addition, CMO identifies potential markets, customer segments, and products to explore. Defines corporate vision and strategy establishes company direction and focus. The company may refer to these opportunities as projects in external disclosures at various stages throughout their progression. 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.