exxonmobil chief technology officer

Anjani Kumar has joined Tata AIG General Insurance Company Limited as Chief Technology Officer (CTO) and EVP. 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. I'll give you this one plus one. And then I'll just circle back, you asked a little bit about inflation. And so, I'd say you kind of have to take a step back from that noise in depreciation. Education Mr. Chapman has served as a member of the board of directors and executive committee of the American Chemistry Council, the board of directors of the International Council of Chemical Associations, and the board of directors and executive committee of the National Association of Manufacturers. And you see us fight, certainly during the pandemic year, fight really hard to make sure that we sustain that. Here with me are Darren Woods, chairman and chief executive officer; and Kathy Mikells, senior vice president and chief financial officer. John Royall -- JPMorgan Chase and Company -- Analyst. 10 stocks we like better thanExxonMobilWhen our analyst team hasa stock tip, it can pay to listen. The increase more than offset our divestments in the expropriation of Sakhalin-1, which we no longer account for, but which, importantly, remains part of global supply. Hey, good morning. We 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. So, what does a chief technology officer do exactly? WebExxonMobil's key executives include Darren W. Woods and 13 others. How kind of general inflation within not just the oil field but, you know, in general, how that's affecting that? Good morning. And we had talked about the fact that we would expect our cash balance post the end of the year to kind of ebb and flow, depending on how market prices and margins evolve. I think the margins in the U.S. will be a function of, you know, what production source is setting the marginal layer of production. Leveraging the capabilities and advantages developed in our traditional businesses, we're building an advantaged new business, low carbon solutions, which is positioning us as a leader in the energy transition, in our own and others' emissions and establishing long-term value-accretive growth opportunities that will underpin continued growth in shareholder returns. Can you give us an update where you are in Mozambique and also in the Papua New Guinea LNG? Jennifer Driscoll -- Vice President, Investor Relations. But that's an important asset as you move into the bottom of the cycle, particularly when you're trying to maintain the consistent investment levels and continue to advance the projects in the portfolio. 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. In low carbon solutions, we're building momentum across several fronts. Private Company. The -- this is really around trading on the value created through the transformation of molecules and developing products that people want and then moving those products around the world. I think we've been pretty consistent as we've talked about it. At Diageo, the global beverage manufacturer and marketer, she led all traditional corporate finance functions and oversaw the companys supply chain and procurement, strategy and business development, and shared services and information technology departments before her departure in June 2021. 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. 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. This is true whether we're talking about the emissions reductions needed to put the world on a path to net zero or the production needed to provide Europe with affordable and reliable energy. Now, let me cover the quarter's headlines. Apr 24 2023 - Wilmington, MA. So, thank you, everybody, for your questions today. We'll go next to Ryan Todd with Piper Sandler. So, a caveat, everything I say with the recognition that given the impact that demand has on the margins, given the fairly static supply side of the equation, it's often difficult to know exactly where things are going to go. 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 Fisher has served as President of European Commercial Operations, and in leadership roles in Investor Relations, Corporate Communications, Strategic Planning and Corporate Development. That's work that we've got to demonstrate to ourselves. And so, you've seen us in the last two years raise the dividend in the fourth quarter of the year. Sorry. That has been, you know, a source of not only demand but also of exports. He joined Exxon in April 1987 as a drilling engineer in New Orleans, Louisiana, after graduating from Vanderbilt University with a Bachelor of Engineering degree. Look, these -- we all know these markets are volatile that they move up and down. Honeyman graduated from Rice University in 1995 with a bachelor's degree in chemical engineering and a master's degree in environmental engineering. We think that makes a lot of sense. Our presentation and prerecorded remarks are available on the new investor relations section of our website. We're working with our partner there, Total. Sam Margolin -- Wolfe Research -- Analyst. We plan to build on our record 2022 results, leveraging the unique insights we gained from participating across each of our value chains and all along their entire length, with a global operating footprint larger than any of our competitors. June 17, 2021, Who we are We like where we've gotten to with that approach. In addition, he was responsible for all business activity and operations of Valeros assets in the United Kingdom and Ireland. While the role can vary depending on the size of a company, a CTO typically: Oversees all aspects of technology within an organization; Establishes the various roles within the IT department; Creates policies around technology infrastructure Energy Factor My view is success in technology and developing proprietary technology, which improves either resource recovery or the cost of developing that resource, whatever that is, whatever value lever our technology can bring to the table, that obviously opens up deals space. By: Materialise via Business Wire. So, if you'll allow me, I'll throw that at you. 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. WebThe chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. I think that that completes our queue. Riggs earned his Bachelor of Science degree in chemical engineering from the University of Oklahoma and his Master of Business Administration degree with an emphasis in finance and economics from West Texas A&M University. Global business solutions will centralize a majority of our finance and procurement operations, enabling us to deliver simplified corporatewide processes. He progressed through a number of domestic and international assignments for Exxon Company International, ExxonMobil Chemical Company and ExxonMobil Refining and Supply Company. To make the world smarter, happier, and richer. Can you give us a -- thank you. Thank you. Amazon.com Inc. is pulling the plug on its line of Halo health devices as Chief Executive Officer Andy Jassy seeks to What you tend to see in depreciation is some ebbs and flows associated with our asset management activities. Today's call is being recorded. Perspective Darren W. Woods Chairman and Chief Executive Officer Kathryn A. Mikells Senior Vice President, Chief Thanks for taking the question. Thanks. The interlocking value of our guiding principles is based on Safety, Environment, Community, Employees and Governance. *Average returns of all recommendations since inception. And, you know, in recent history, it's certainly true that we ran fairly lean on cash. He is also a member of the Business Roundtable, the Business Council and the Texas A&M University Engineering Advisory Council. The ability of our low-carbon projects to compete successfully for capital is important if the world is going to meet its emissions aspirations. It's a great example of where we're focused on, advantaged projects that bring on advantaged low-cost capacity. And is 9 billion -- like is that the end of the program or is there something to happen beyond that? 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. 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. After receiving a Bachelor of Science from the University of Illinois, Ms. Mikells began her career in 1987 at General Electric Company as an investment analyst. 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 then obviously, we can balance disbursement -- shareholder disbursements with buybacks. And I think I'll just -- you know, I'll catch that with, historically, you know, Exxon had kept a very lean balance sheet on both sides relative to sort of the production base and the cash flow base. It'll -- the question will be will we see the same thing this year, and I think time will tell. 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. I would describe those generally as looking to centralize kind of key functions across the company that have been done disparately previously. Am I wrong in that, or is there -- any color would be helpful. ExxonMobil ( XOM 1.28%) Q1 2023 Earnings Call. So, we feel really good about where we're at today on our balance sheet. You know, that balance sheet gives us all the firepower and confidence we need to succeed across a very wide variety of market conditions, which is obviously what this industry faces. We'll go next to Paul Cheng with Scotiabank. And that's, I think, a commitment that I feel really strongly about. Thanks for joining us today. Bhullar joined Valero in 2014. The Permian is doing well. I mean, our capital allocation approach, I think, has been very consistent and very clear. The question is obviously when, but that will come. We've had -- we've traded for a long time. Good day, everyone, and welcome to this ExxonMobil Corporation first quarter 2023 earnings call. Homer Bhullar is Vice President Investor Relations and Finance. I think just I'd speak to maybe the LNG portfolio as a whole. Thank you. So, I think we're in -- that's an important context in terms of what we're seeing right now. Unlocking the potential of advanced recycling: Stephanie Westbrook. But in 2021, Exxon Mobil Chairman and CEO Darren Woods faced a rebellion from his board. So, that was a help in the first quarter, some of that feed optimization, and that'll play into it as well. A significant contributing factor was structural cost savings that now total approximately $7.2 billion. Thomas has served Valero and its predecessors since 1984. 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. Our board is committed to ongoing engagement with our stakeholders. We're always looking for an opportunity for an acquisition and one that grows value and it's got to be value-accretive. Darren, can I ask, in Mozambique, Total seems to be optimistic about the security on the ground. Well, good morning. Global trading will bring together expertise from across the company in crude, products, natural gas, power, and marine-freight trading. He also holds a Master of Business Administration degree from Northwestern's Kellogg School of Management in Evanston, Illinois. And we definitely think about this over the long term as opposed to the near term given we're in a business that's highly cyclical. Yeah. The organizational changes we've already made are continuing to find things. Former EVP of Development at Epic Games will lead innovation and technology strategy for Yuga's next Materialise NV (NASDAQ: MTLS), a leading provider of additive manufacturing software and sophisticated 3D printing services, today announced that Koen Berges has been named the companys new chief financial officer effective We'll go next to Roger Read with Wells Fargo. But that's down the road. ExxonMobil's supply chain will consolidate supply chain activities globally. Like what we're doing there, I think we see some encouraging signs on the early stages of that, and we're going to keep pressing on that, maintain, you know, rigs and the capital levels that we've been talking about pretty consistently. WebMark J. Costa Chairman and Chief Executive Officer Read full bio Stephen G. Crawford Executive Vice President, Manufacturing and Chief Sustainability Officer Read full bio Chris M. Killian Senior Vice President and Chief Technology Officer Read full bio Brad A. Lich Executive Vice President and Chief Commercial Officer Read full bio I think putting aside the press reports of the media, we've talked about this, I think, starting back in 2018. And then obviously, we can take advantage of the global footprint, as you referenced, and trade along that global footprint and arbitrage between the markets. In addition, our Beaumont refinery expansion reached nameplate capacity in the quarter. Quite a dynamic market. 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. Shaw got two new directors installed on the 12-person board. So, my expectation is, you know, we've got an inventory of things going forward and would expect to see, in my mind, kind of consistent rate of being out in the market and basically finding -- seeing if we can find buyers who have a higher use for the assets than we do and, therefore, a better value and, therefore, give space. Sure. Reinhart was promoted to Executive Director-Corporate Communications, directing internal and external messaging, and advanced to Vice President-Corporate Communications in 2010. Prior to attending the University of Texas, Fraser served in the U.S. Army in 1986-1990. But I think maintaining a long-term perspective and making sure our shareholders feel rewarded through the dividend policy is an underlying principle. Europe, by contrast, policy approach remains far more prescriptive and punitive. 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. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. We've seen a lot of capacity coming on. ExxonMobil is moving its headquarters to the Houston area as part of a major reorganization that will put its engineering and technology support staff in one unit. Find your future. The only other thing I'd add is, you know, we obviously brought on our Baton Rouge chemical expansion project late in the fourth quarter. Exactly what we're seeing today. Hi. He then served as ExxonMobil Chemical Companys Asia Pacific polyolefins sales manager before becoming the project executive of the Fujian integrated refining and ethylene joint venture project in China. He has significant leadership experience at Valero, having served as General Counsel, as well asSenior Vice President with oversight of Valero's public policy, strategic planning, governmental affairs, investorrelations and external communications functions. 1LIFE HEALTHCARE INC. Jason Gabelman -- Cowen and Company -- Analyst. 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 I appreciate the answer. The digital watchtower - the importance of cybersecurity in the energy industry. He joined Valero in 2001 in the Risk Management Department. 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. Prior to Valero, Bhullar was an Investment Banker focused on the Energy sector at J.P. Morgan and Citigroup. After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Actively improving the quality of life in neighboring communities. Additionally, we look forward to connecting again on May 31st for our annual shareholders' meeting. 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. Good day, everyone, and welcome to this ExxonMobil Corporation first quarter 2023 earnings call. We did a lot of work over the last couple of years to validate what we thought the opportunity size was there and what would be needed to get after that. Hi. The high quality of the directors, officers and employees of Hi, guys. Welcome to ExxonMobil's first quarter 2023 earnings call. She joined Valero in December 2006 as Managing Counsel-Labor & Employment, overseeing legal aspects of Valeros human resources policies, discipline, litigation and immigration. 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. He began his career at Valero as a Process Engineer at the McKee refinery and subsequently held management positions including General Manager-Process Engineering, Director-Supply and Optimization, Vice President-Refinery Planning and Economics, Senior Vice President-Crude, Feedstock Supply and Trading, Senior Vice President-Refining Operations and Executive Vice President-Refining Operations and Engineering. He started as a Director in Corporate Development and moved to Business Development in 2015, where he was promoted to Vice President in 2018. 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. Kathy, do you want to add anything to that? We've now integrated our upstream into those value chains. Doug Leggate -- Bank of America Merrill Lynch -- Analyst, Kathy Mikells -- Senior Vice President, Chief Financial Officer. That's been a real focus of that organization. So, just to be clear, we've talked about a specific time period externally because we thought that would be helpful in transparency. After her time with United, Ms. Mikells went on to serve as chief financial officer at ADT Incorporated and Xerox Holdings Corporation before joining Diageo in 2015. That's what you've seen us do. And today, I feel pretty optimistic about that. 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. chairman and chief executive officer. Prior to joining Valero, Locke worked at La Quinta Corporation and Ernst & Young LLP, in SEC reporting and audit and assurance roles, respectively. And so, I would just think of it as a progression, a continuation with what we believe is huge opportunity, and we're going to do that in a very thoughtful controlled pace. He joins from Strides where he served as CIO. He joins from Strides where he served as CIO. And then we'll see how the rest of the year plays out, but we're sticking, at this point, to same year-end guidance that we gave late last year. Thanks for taking my question. Image source: The Motley Fool. XOM earnings call for the period ending March 31, 2023. I'd say we look to take a very balanced approach as we think about shareholder distributions and getting that balance between a growing competitive dividend, right, as well as the efficiency through share repurchases. The US energy firm said cost-cutting measures also contributed to its record $11.4bn (9.1bn) first-quarter profits, up from $5.5bn a year earlier. I'm happy to answer that. 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. Learn More, ExxonMobil(XOM 1.29%)Q12023 Earnings CallApr 28, 2023, 8:00 a.m. This article is a transcript of this conference call produced for The Motley Fool. You know, a lot of simplification coming across that business as a result. 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 computing, where he was also a member of the groups Executive Committee. Apr 28, 2023, 8:00 a.m. He previously served as President, and as Chief Operating Officer, responsible for refining operations and commercial operations in marketing, supply and transportation. Eric Honeyman serves as Vice President Renewables Operations & Low Carbon Fuels, serving previously as Vice President Refining Operations. He joined with predecessor Ultramar Diamond Shamrock (UDS), and in his current position with Valero is responsible for company strategy and innovation efforts. And so, I mean, we're looking -- we're working really hard on our technology portfolio in the Permian. Ms. Mikells career in finance spans several industries. Welcome to ExxonMobil's first quarter 2023 earnings call. We like -- you know, we've brought talent in there. 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. Paul Grewal, chief legal officer at Coinbase, sits down with CNBCs MacKenzie Sigalos at Consensus 2023 to discuss the companys response to the SECs threat of enforcement action. We do see some promising signs, but we'll have to see how that China demand and their economic activity picks up. They are just working through on the cost structure with the contractor. CIO. We're very much on track for the 9 billion at the end of this year relative to 2019. We'll go next to Sam Margolin with Wolfe Research. By: Materialise via Business Wire. Prior to that role, Thomas served as Vice President of Retail Operations Support and Vice President of Retail Information Systems. 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. Rich Walsh serves as Senior Vice President and General Counsel. You know, that's part of an overall strategy of growing performance chemicals, along with growing high-value products across our product solutions business, be it performance chemicals or low-emission fuels, high-value lubes.

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