exxonmobil chief technology officer

WebExxonMobil. 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. John Royall -- JPMorgan Chase and Company -- Analyst. Chief Technology Officer That's right -- theythink these 10stocks are even better buys. So, if you'll allow me, I'll throw that at you. Before that he was the vice president responsible for Asia projects in ExxonMobil Development Company. And we certainly saw that with the China lockdowns. That -- I think -- you know, we've been developing that approach, fine-tuning it, you know, testing it, and evolving that concept. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Darren Woods -- Chairman and Chief Executive Officer. Compared to the first quarter of 2022, we added about 300,000 oil-equivalent barrels per day to global supply, primarily from a 40% increase in production from Guyana and the Permian Basin. I would just also mention that we're in a relatively unusual market environment compared to what we've seen in the past. We like where we've gotten to with that approach. And at this time, I'd like to turn the call over to the vice president of investor relations, Mrs. Jennifer Driscoll. And we'll go next to Devin McDermott with Morgan Stanley. We'll go next to Biraj Borkhataria with RBC. I think I couldn't remember if Jennifer said one question or one plus one follow-up. Darren, can I ask, in Mozambique, Total seems to be optimistic about the security on the ground. To make the world smarter, happier, and richer. So, you know, that's a big part of our overall strategy and mixing up in both the chemical business and across our product solutions business, and we feel very good about the results that's bringing. Paul Grewal, chief legal officer at Coinbase, sits down with CNBCs MacKenzie Sigalos at Consensus 2023 to discuss the companys response to the SECs 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. They are just working through on the cost structure with the contractor. I'll go ahead and take that, Sam. Mr. Chapman returned to ExxonMobil Chemical Company in 2011 as senior vice president in charge of the companys global polymers businesses. So, irrespective of where the margins go, our view is all of our facilities need to be on the far left of the curve so that we've got a difference between the marginal price setter. Rich Lashway is Senior Vice President-Corporate Development andStrategy. They're meant to accompany the first quarter earnings news release, which is posted in the same location. Darren Woods, ExxonMobil chairman and chief executive officer, explained it this way: Our transformed business structure enables us to more fully leverage the corporations scale, integration, technology advantages, and the skills and capabilities of our talented workforce, to better serve our customers. He previously served as Vice President and Deputy General Counsel, with responsibility for Valero's litigation, regulatory and employment law departments, as well as the company's ad valorem tax and environmental, health and safety groups. Koen Berges to Succeed Johan Albrecht. With that, operator, please open up the line for our first question. What you tend to see in depreciation is some ebbs and flows associated with our asset management activities. He joined Valero in 2005 as part of the Premcor acquisition, serving as Refinery Manager of the Memphis refinery at the time. I mean, our capital allocation approach, I think, has been very consistent and very clear. FuelCell Energy Takes Step Toward Commercializing Carbon ExxonMobil Former EVP of Development at Epic Games will lead innovation and technology strategy for Yuga's next 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. As we said during our Low Carbon Solutions Spotlight earlier this month, our low-carbon projects must be advantaged and deliver competitive returns. Hi. And so, that's the model that I have in my mind. Search. That's very helpful. ExxonMobil's Record-Setting Profits Continue. 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. Aug. 30, 2022, Who we are 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. Prior to joining Valero, he was Refinery Manager at Premcor's Lima Refinery. Hi, guys. Sure, I'll take that. Can you give us a -- thank you. I just would make the final point that, you know, as we look at that -- at divestments, it is a value proposition. How kind of general inflation within not just the oil field but, you know, in general, how that's affecting that? She has played a key role in restructuring Valeros Information Services Department and integrating recently acquired assets into Valeros complex systems. I'll delicately ask this question if I may. And, you know, in recent history, it's certainly true that we ran fairly lean on cash. 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. Operator. Dec 5 (Reuters) - Exxon Mobil Corp (XOM.N) is raising the annual base salaries of its top boss and other executives for next year, the largest U.S. oil company said on Monday. Koen Berges to Succeed Johan Albrecht. Thomas has served Valero and its predecessors since 1984. We are committed to being an outstanding corporate citizen and employer, ESG: Environmental, Social and Governance. Great. Education The organizational changes we've already made are continuing to find things. 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. I think we've been pretty consistent as we've talked about it. Prior to Valero, Bhullar was an Investment Banker focused on the Energy sector at J.P. Morgan and Citigroup. We've got some fairly diverse assets with respect to the ability to manage feed and change feedstocks around. 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? If I put that to the side, the company has run about, I'll call it, 19 billion, 20 billion annually in depreciation and amortization. I think that that completes our queue. 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. Exxon Mobil raises CEO, top executives base pay | Reuters 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 Today's call is being recorded. ExxonMobil's average debt rate is about 3%. Prior to joining Valero, Locke worked at La Quinta Corporation and Ernst & Young LLP, in SEC reporting and audit and assurance roles, respectively. But I was wondering, Darren, if you could just address how and remind us how you're thinking about dividend growth, right, because we've got, you know, clear evidence here that you've got, you know, foundational earnings growth. We're seeing reports that Asian refiners are contemplating run cuts while margins in the U.S. are still really robust. And then with time, that'll get balanced out based on transportation differentials. 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. ExxonMobil We'll go next to Stephen Richardson with Evercore ISI. In 2005, Mr. Woods was appointed vice president of ExxonMobil Chemical Company in Houston, Texas, where he managed global specialty-chemical businesses. My sense of things is, you know, if you go look back last year and the export levels coming out of China and the balances in Asia, that stayed reasonably tight. Exxons Humbling Fall From Oil Juggernaut to Mediocre Company I'm Jennifer Driscoll, vice president, investor relations. He also has served as Chief Commercial Officer and President of Valero Europe. It'll -- the question will be will we see the same thing this year, and I think time will tell. chief I think we've got clear line of sight to some additional ones. Our executive team is committed to operations excellence, disciplined management of capital and long-term value. We like -- you know, we've brought talent in there. A significant contributing factor was structural cost savings that now total approximately $7.2 billion. Shaw got two new directors installed on the 12-person board. ExxonMobil to Release First Quarter 2023 Financial Results And do you guys still have concern on security or that you are going through the similar process to Total on the cost structure side? I know I'm kind of asking three questions in one, but they're all focused right around the 7 to 9. He is a Certified Internal Auditor, Certified Information Systems Auditor and Certified Fraud Examiner. I would say, generally speaking, we like what we're seeing in terms of productivity in the Permian. In 2005, he was appointed vice president of ExxonMobil Chemical Companys global polyethylene business. ExxonMobil 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? ET. In low carbon solutions, we're building momentum across several fronts. Analog Devices, Inc. (Nasdaq: ADI) today announced the appointment of Alan Lee to the position of Chief Technology Officer (CTO). Exxonmobil Chief We just gave the trading organizations within the company some different objective statements, and they've done really well in responding to that, bringing value to the bottom line. 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. Mr. Williams, a native of Mansfield, Ohio, is a member of the Society of Petroleum Engineers and a member of the Board of Visitors for the Vanderbilt School of Engineering. Additionally, we look forward to connecting again on May 31st for our annual shareholders' meeting. Sorry. I'm happy to answer that. Cost basis and return based on previous market day close. Schmeltekopf graduated Magna Cum Laude with a Bachelor of Business Administration degree from Texas State University in 1987. We can trade across those value chains. And what we just announced is taking the trading organizations that today are somewhat dispersed through the organization and consolidating those into one centralized trading organization for the whole of the corporation. 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. Analog Devices Appoints Alan Lee as Chief Technology Officer Chief Technology Officer 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. 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. Also, please remain on the line in case we need to ask any clarifying questions. Yeah. ExxonMobil I think you're going to see some movement in that up and down. But that's down the road. A public charity and Valero's philanthropic arm. Good day, everyone, and welcome to this ExxonMobil Corporation first quarter 2023 earnings call. Our underlying performance remains rock solid and well ahead of our competition, reflecting the many improvements we've made over the last six years, and of course, the hard work of our people. Guyana, we're pleased to announce that we reached final investment decisions for Uaru, fifth offshore project, which will bring on even more production from this low-cost, low-carbon intensity resource. ExxonMobil Is Near an All-Time High -- Is the Stock Still a Buy? IT Head. In 1994, after earning a Master of Business Administration in Finance from the University of Chicago, she began a 16-year career at United Airlines Holdings Incorporated, where she served in several corporate planning and financial roles before being appointed senior vice president and chief financial officer in 2008. ExxonMobil To Move Its HQ, Reorganize Business Structure - JPT While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. 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 And then just recently, announcing the combination of our supply chain across the organization and setting up a global business services organization and combining our global trading capabilities across the company. Does that change at all the way you look to manage your cash balances going forward? 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. So, I'd say we're very comfortable with where we stand. Global business solutions will centralize a majority of our finance and procurement operations, enabling us to deliver simplified corporatewide processes. ET. And so, that's a big area of savings for us, and that's another organization that we have recently centralized in our global operations and sustainability group. 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. And as you move in the value chains, the opportunity to trade along that value chain and generate insights and advantage along the value chain changes pretty dramatically. In 2008, he was named ExxonMobil Refining and Supply Companys director of refining for Europe, Africa and the Middle East, and was based in Brussels. Then I've got a quick follow-up, please. Energy Factor Well, good morning. We've had our own security folks out there assessing the situation. 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. Homer Bhullar is Vice President Investor Relations and Finance. 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. The CTO aligns services responsible for computer operations and production, 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. Maybe a question on the chemicals business. I wanted to ask a question on the downstream business and given your global reach there. While we're in a depletion business and, you know, we've got to work real hard to continue to bring volume on, we're not actually in the market to find volume.

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