A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Compared to the same quarter last year, earnings increased $2 billion. 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. This report, by McKinsey and EuroCommerce, outlines the EU retail and wholesale sectors ambitions for Mikells, a former CFO at Diageo, Xerox, ADT, Nalco and United Airlines, will take over from Andrew Swiger next month. https://events.irmagazine.com/mandaforum/, Executive compensation disclosure handbook, Investors are asking about ESG. Improved finished lubes margins partially offset lower industry basestock prices. She is currently pursuing a Doctor of Education in organizational change and leadership at the University of Southern California. Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. Compared to the same quarter last year, earnings decreased by $1.0 billion on weaker industry margins and lower sales, reflecting softer market conditions. Responsible for the development of functional or business unit strategy for the entire organization. Susan Simmons joins Agents National Title Insurance as its new Southwest agency operations manager. Our Client, an outsourced marketing service provider for law firms, is looking for a superstar chief marketing officer who can oversee and manage the company's marketing operation which includes Be the first to add EXXON MOBIL CORP CMO responsibilities. . 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. ExxonMobil Upstream Oil & Gas Company. The Corporation believes this view provides investors increased transparency into business results and trends and provides investors with a view of the business as seen through the eyes of management. McCarron, who has been vice president since 2016, joined Mobil in 1998 as a manager in public affairs in Canada. The term resource base or similar terms are not intended to correspond to SEC definitions such as probable or possible reserves. 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. 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. Morford then joined ExxonMobil in 2019 as deputy general counsel. Energy giant ExxonMobil has appointed Kathryn Mikells as chief financial officer. Edmund L.C. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. Free cash flow is not meant to be viewed in isolation or as a substitute for net cash provided by operating activities. KEY FIGURES: MANUFACTURING THROUGHPUT AND SALES, 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), KEY FIGURES: CAPITAL AND EXPLORATION EXPENDITURES, KEY FIGURES: YEAR-TO-DATE EARNINGS/(LOSS), 1 Computed using the average number of shares outstanding during each period; assuming dilution, ExxonMobil Announces First-Quarter 2023 Results, Internet Explorer presents a security risk. 24 followers 8 connections. Free cash flow is the sum of net cash provided by operating activities and net cash flow used in investing activities. In addition to having more than 25 years of sales management experience in the automotive and real estate industry, Brian brings a depth of experience in EV adoption to help Fermata Energy expand its system and help combat climate change, increase energy resilience and reduce energy costs, said David Slutzky, president and CEO of Fermata Energy. Dan Turco 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). Dollars in millions (except per share data), Earnings Excluding Identified Items Per Common Share1 (non-GAAP). Stay up to speed on DFWs fast-moving business community with weekly news reports, interviews, and insights. 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). He was named chief attorney of ExxonMobil Chemical Company in 2000 and chief attorney of ExxonMobil Gas & Power Marketing Company in 2003. 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. InterDigital, Inc. WILMINGTON, Del., April 24, 2023 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile and video technology research and development company, today announced that Skip . This measure is useful for investors to understand the Corporation's efforts to optimize spending through disciplined expense management. I thank Suzanne for her many contributions to the companys success during her career and wish her all the best in retirement.. James Moretti serves as the Chief Operations Officer of ExxonMobil. Copyright 2003-2023 Exxon Mobil Corporation. Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. Toggle navigation . Identified Items Per Common Share1 (non-GAAP), Earnings/(Loss) Excl. A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Mikells was previously chief financial officer at Diageo and a member of its board of directors. Unfavorable margin effects were more than offset by higher volumes supported by China demand recovery and finished lubes market position growth as well as seasonally lower expenses. Defines corporate vision and strategy establishes company direction and focus. Irving Texas 75039. 4 . A reconciliation to net cash provided by operating activities for the 2022 and 2023 periods is shown on page 8. Edmund L.C. Chan - Executive Legal Counsel - ExxonMobil - LinkedIn Exxon Mobil Company Profile: Stock Performance & Earnings | PitchBook Previously, Furman was the vice president of corporate affairs at Mars Chocolate and held senior communications positions at Google and CNN. A reconciliation to total taxes is shown in Attachment I-a. Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. Compared to the same quarter last year, earnings increased by $298 million, with favorable pricing actions partially offset by unfavorable foreign exchange impacts. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion. Crenshaw will focus on growing business through internal and external marketing strategies and providing senior communications counsel to clients in his new role. Continued cost control offset the impact from higher scheduled maintenance expenses which were also partially mitigated by top-quartile. The prior-year period was negatively impacted by an identified item associated with the Sakhalin-1 expropriation. Robinson graduated from Dallas Baptist University with a bachelors degree in sociology and communication and a masters degree in communications. CA. Exxon Mobil adds first woman top-tier executive with external - Reuters Copyright 2023, D Magazine Partners, Inc. We use cookies to ensure that we give you the best experience on our website. increased marketing and . Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. They're typically responsible for managing the marketing professionals within an organization, and they report to the company's chief executive officer (CEO).