Kathryn A. ExxonMobil The role can differ from company to company but usually includes everything from: Technology vision and strategy Architecture Innovation Software development Infrastructure Morford was chief legal and compliance officer for Cardinal Health between 2008 and 2019. As you know, it's very tied to economic activity. Roger Read -- Wells Fargo Securities -- Analyst. We do see some promising signs, but we'll have to see how that China demand and their economic activity picks up. And then I'll just circle back, you asked a little bit about inflation. Yeah. We like what we see there. Just what I'd like to ask on the specific commentary about the 7.2 billion in savings, on track for the 9 billion this year, could you characterize a little bit where that's come from to date? And so, even though the market has been tough, that project actually had a positive earnings and cash flow contribution for us in the quarter. Operator. ExxonMobil CEO and key executive team | Craft.co Soon thereafter, Mark was promoted to Assistant Controller, and ultimately, Senior Vice President of Accounting, in 2012. I'm just wondering how vigorously are you pursuing this opportunity and how long do you expect it to take to get to where you want to be on the trading front. Thanks for taking my question. Before joining Valero, he held the positions of Vice President of Business Development for Ultramar Diamond Shamrock, and Director of Commercial/Industrial Sales, Assistant Treasurer and Director of Information Systems for Diamond Shamrock. In 2019, he assumed the role of Vice President Investor Relations, and was promoted to his current position in 2021. He joined Valero in 2005 as part of the Premcor acquisition, serving as Refinery Manager of the Memphis refinery at the time. ExxonMobil Yeah. Sure. So, I'd encourage you to look at that. April 27, 2023 at 06:45 AM EDT. The progress we're making across the company is underpinned by the continuing evolution of our business model. They are just working through on the cost structure with the contractor. Bill Keillor - Vice President, Global Information Technology ExxonMobil to Release First Quarter 2023 Financial Results 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. I think we've got clear line of sight to some additional ones. ExxonMobil Is Near an All-Time High -- Is the Stock Still a Buy? So, our expectation as you head into the future is we'll continue to drive efficiencies and deliver structural cost savings onto the bottom line. And so, we justified that project on a transportation differential and felt that that provided a reasonable return, with the expectation that, on top of that, we would see the value of the additional fuels and the higher-value products that we were producing. But generally speaking, that happens. 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. Mr. Woods was appointed president of ExxonMobil Refining and Supply Company and vice president of Exxon Mobil Corporation in 2012. That's investing in the business and competitively advantaged high-return projects. From 2007-2009, he was the vice president of engineering for ExxonMobil Production Company. Effective On May 1st, two new enterprisewide organizations will be up and running. If you have a higher kind of exposure to trading, maybe you would like to run with a higher cash balance generally. I think you're going to see some movement in that up and down. So, I think -- you know, my view is we're going to see the typical push-up in the summer and see margins rise. WebChief Technology Officer @ ExxonMobil; Executive Agent @ Firmdrex , , , , Not the Asger Michael you were looking for? 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. We've now integrated our upstream into those value chains. Combining our engineering and research kind of groups collectively together. 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. And so, that -- the Europe set is the price setter for global markets ex-transportation. Darren Woods -- Chairman and Chief Executive Officer. This is not about going out and taking speculative positions. Experience Chief Technology Officer ExxonMobil Jan 1999 - Present 24 years 4 months. Chief Technology Officer Bill Keillor - Vice President, Global Information Technology 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. Those are embedded in the plans that we shared with you last December. Rich Walsh serves as Senior Vice President and General Counsel. Analog Devices Appoints Alan Lee as Chief Technology Officer That's true for any of the areas of our portfolio where we've got, you know, a substantial business today and ongoing technology work to make advances. So, we started growing that in 2018. And I'm just wondering where you are in that journey because, obviously, we've seen some exceptional volatility in 2022 and then earlier this year across oil and gas. Sure. I suspect -- expect we'll still see some of that to come on here in the short term. Earlier in his career, he worked as an operations accountant for Exxon Corp. We care about health and safety, and protecting our employees and neighbors. We've been, I think, pretty successful at consistently putting assets in the market and realizing the value of those. That's, I think, really what's going to underpin where we focus our attention. I'm Jennifer Driscoll, vice president, investor relations. In 2013, he transferred to Valero's Investor Relations department, before earning promotions to Vice President and ultimately Corporate Officer. Cash flow from operations totaled $16.3 billion and our net debt-to-capital ratio declined to 4%, further increasing the strength of our balance sheet while supporting shareholder distributions of $8.1 billion in the quarter, including $3.7 billion in dividends. And to the extent that we're very active in the Permian, we've got a really good anchor business there, and we're working real hard on opening up the value proposition of our current acreage with technology, that will open up, potentially, opportunities for acquisitions. Good morning. That way, we can accommodate more questions from more people. We've seen a lot of capacity coming on. Darren, I wonder if I could kick off first on disposals, another reasonable contribution from noncore asset sales. And then with Mozambique, obviously been on hold for a while given some of the challenges there, and we'll continue to keep a close eye on that. While Exxon has female leaders, the top tier management committee, comprised of the CEO and three to four senior vice presidents has remained all-male according to a Reuters' review of SEC filings dating to 2001. Joe Gorder became Chairman of the Board on Dec. 31, 2014, and Chief Executive Officer on May 1, 2014. Thanks for taking my question. I mean, our capital allocation approach, I think, has been very consistent and very clear. Locke has since served in leadership roles over Strategic Planning, Public Policy, and Communications. 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. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Thanks. The digital watchtower - the importance of cybersecurity in the energy industry. We'll go next to Sam Margolin with Wolfe Research. Bram holds a Bachelor of Science degree in chemical engineering from the University of Missouri-Rolla, now known as Missouri University of Science & Technology. On June 1st, we plan to launch our new enterprisewide trading organization. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Unlocking the potential of advanced recycling: Matthew McConomy. Marty Bray - Chief Technology Officer - ExxonMobil | LinkedIn Former EVP of Development at Epic Games will lead innovation and technology strategy for Yuga's next stage of growth. What you tend to see in depreciation is some ebbs and flows associated with our asset management activities. Thanks. Image source: The Motley Fool. Mr. Chapman advanced through engineering, operations, planning and commercial roles in various chemical affiliates in the United Kingdom, Belgium, the United States and Hong Kong prior to the 1999 merger between Exxon and Mobil. Thanks very much. He then served as Vice President-Investor and Corporate Communications, President-Europe, and Vice President-Investor Relations, Market Analysis & Strategic Planning, before assuming his current position. 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? IT Head. Longer term, I think it comes back to what happens in China. She has played a key role in restructuring Valeros Information Services Department and integrating recently acquired assets into Valeros complex systems. 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. Chief Technology Officer I would just also mention that we're in a relatively unusual market environment compared to what we've seen in the past. The ability of our low-carbon projects to compete successfully for capital is important if the world is going to meet its emissions aspirations. Thank you. Darren, can I ask, in Mozambique, Total seems to be optimistic about the security on the ground. ExxonMobil XOM earnings call for the period ending March 31, 2023. ExxonMobil engineer Natalie Martinez discusses the companys efforts to scale up advanced recycling and her part in making it happen. Kathy, do you want to add anything to that? Chief Technology Officer So, there will obviously be periods of time where things constrain that. He previously served as President, and as Chief Operating Officer, responsible for refining operations and commercial operations in marketing, supply and transportation. Proactive and consistent dialogue with stakeholders to address environmental, social and governance priorities. Amazon.com Inc. is pulling the plug on its line of Halo health devices as Chief Executive Officer Andy Jassy seeks to And I would add, Sam, I think, you know, you mentioned history. Does that change at all the way you look to manage your cash balances going forward? So, if you'll allow me, I'll throw that at you. She previously served as Senior Vice President-Information Services for Valero, managing the companys Information Systems Development, Support and Infrastructure teams. So, I think we're in -- that's an important context in terms of what we're seeing right now. CIO. So, my expectation is as these new organizations come together, they'll begin to find things. I'll start that, then, Kathy, if you got anything to add to it. 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. Massachusetts Institute of Technology.
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