We're very much on track for the 9 billion at the end of this year relative to 2019. With over 100 major cyberattacks reported in the United States since the start of the year, including well-publicized ransomware attacks on an American oil pipeline and an international beef supplier, the public is coming to understand how much cybersecurity can affect their everyday lives. ExxonMobil ( XOM 1.28%) Q1 2023 Earnings Call. That will give analysts more time to ask questions before we conclude at 8:30 a.m. Central Time. Yeah. Unlocking the potential of advanced recycling: Stephanie Westbrook. Better Dividend Buy: ExxonMobil vs. Enbridge. From 2005-2007, he served as an upstream advisor for Exxon Mobil Corporation. And so, you generally see refining margins drop off here in kind of this valley between the supply coming back and then demand picking up as you head into early summer and on through the year. And so, that's the model that I have in my mind. VANCOUVER, British Columbia, May 01, 2023 (GLOBE NEWSWIRE) Westport Fuel Systems Inc. (Westport or the Company) (TSX: WPRT / Nasdaq: WPRT), a global leader in low-emissions alternative fuel transportation technologies, today announced the appointment of Fabien G. Redon as the companys chief technology officer (CTO) and Global trading will bring together expertise from across the company in crude, products, natural gas, power, and marine-freight trading. She joined Valero in December 2006 as Managing Counsel-Labor & Employment, overseeing legal aspects of Valeros human resources policies, discipline, litigation and immigration. We are comfortable with everything we've got in the portfolio. 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. But generally speaking, that happens. We will post the transcript of our Q&A session on our new investor website in a few days. 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. I'd also say, as it relates to trading, generally, I mean, there are some near term, I would say, working capital that has to be brought in mind in terms of the trading organization. And that's, I think, a commitment that I feel really strongly about. 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, we obviously take the company's working capital needs into consideration as we think about our balance sheet and our cash balance. And I'm wondering if you see that dynamic as kind of balanced where cracks in Asia are zero, but margins in the U.S. are still 20, and that's kind of representative of the market structure that we're in, or do you expect the weakness in Asia margins to kind of force U.S. refining margins lower in the near term? I would say, generally speaking, we like what we're seeing in terms of productivity in the Permian. And we'll go next to Devin McDermott with Morgan Stanley. I just wanted to follow up on trading because there's been various press reports about Exxon wanting to build up its capabilities in asset optimization and trading. We can trade across those value chains. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Today's call is being recorded. Prior to attending the University of Texas, Fraser served in the U.S. Army in 1986-1990. 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, you know, right now, we're not incurring a negative cost of carry on that cash balance, and that's certainly one of the things that we look at as well. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It keeps us on track to meet our target of $9 billion by the end of this year. Proactive and consistent dialogue with stakeholders to address environmental, social and governance priorities. So, I want to stick with the Permian, but I'm not going to ask an M&A question. And we're now, I'd say, in execution mode with respect to putting the organization together, putting in the support systems, bringing in the talent, developing the talent, and growing the talent in that space. John Royall -- JPMorgan Chase and Company -- 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. Dec. 22, 2020, Who we are [Operator instructions] We'll go first to Neil Mehta with Goldman Sachs. 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. 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. In 2005, he was appointed vice president of ExxonMobil Chemical Companys global polyethylene business. As CFO, Ms. Mikells leads the companys finance functions, including treasury, tax, and audit as well as the companys strategic planning, global services, and investor relations functions. ExxonMobil engineer Matthew McConomy explains how hes designing advanced recycling systems that can help harness the value of plastic waste. 10 stocks we like better thanExxonMobilWhen our analyst team hasa stock tip, it can pay to listen. The CTO aligns services responsible for computer operations and production, Yeah. ExxonMobil's average debt rate is about 3%. 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. 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 So, just wondering if you could remind us, you know, sort of on a mid-cycle basis how to think about, you know, and how the board thinks about dividend growth because, certainly, you've de-risked some of those foundational earnings. The Foundation of Our Success. Also, please remain on the line in case we need to ask any clarifying questions. Darren, can I ask, in Mozambique, Total seems to be optimistic about the security on the ground. WebThe chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy. Good day, everyone, and welcome to this ExxonMobil Corporation first quarter 2023 earnings call. Thomas earned a business administration degree in quantitative analysis from California State University-Fresno in 1983, graduating Magna Cum Laude. 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. 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. Welcome to ExxonMobil's first quarter 2023 earnings call. Gary Simmons is Executive Vice President and Chief Commercial Officer, with oversight of the company's crude supply and products trading, wholesale marketing, transportation and international commercial operations groups. IRVING, Texas-- ( BUSINESS WIRE )--Exxon Mobil Corporation said today that Lawrence Larry W. Kellner and John D. Harris II have joined its board of directors. Before coming to ExxonMobil, Ms. Mikells spent six years as chief financial officer for London-based Diageo, Plc. A significant contributing factor was structural cost savings that now total approximately $7.2 billion. I don't, frankly, see that changing in the short term. And then I'll just circle back, you asked a little bit about inflation. We're always looking for an opportunity for an acquisition and one that grows value and it's got to be value-accretive. ExxonMobil technologist Stephanie Westbrook discusses the companys efforts to scale up advanced recycling and her role in making it happen. Longer term, I think it comes back to what happens in China. Have we turned a corner in the chemicals environment, and can you talk about how you see the trajectory of margins in that business over the course of 2023? This may be a bit of a follow-up on the questions previously about cost structure and the balance sheet. Alan Lee was named the new chief technology officer at Wilmington's Analog Devices. At Premcor and its predecessor, Clark Refining & Marketing, he also held positions in strategic planning, mergers and acquisitions, and planning and economics. Europe, by contrast, policy approach remains far more prescriptive and punitive. 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. During his more than 20 years with the DoJ, Morford had assignments as US attorney in Michigan and Tennessee and as first assistant US attorney in Ohio. Cheryl Thomas serves as Senior Vice President and Chief Technology Officer, with responsibility for the companys information services network and related technology. WebWe 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. If we see similar levels of exports as we saw last year, my expectation was that'll put additional upward pressure on the margin. Yeah. Before that he was the vice president responsible for Asia projects in ExxonMobil Development Company. And given what's happened to cracks and the general concerns around demand today, and, you know, granted, I think, Darren's commentary on the market was probably a bit more positive, but are there any concerns about adding capacity at a time where fundamentals appear to be weakening? And certainly, from listening to some of our customers in that space, expectations of a fairly healthy air transportation or, you know, airline travel miles going forward in the summer. 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. Spotify Technology SA s chief executive officer is engaged in a Washington charm offensive this week that he hopes will convince the US government to curb the The Motley Fool has no position in any of the stocks mentioned. Thanks for taking my question. Mr. Woods was appointed president of ExxonMobil Refining and Supply Company and vice president of Exxon Mobil Corporation in 2012. In 2014, Mr. Woods was elected senior vice president of Exxon Mobil Corporation. Effective January 1, 2016, Mr. Woods was elected president of Exxon Mobil Corporation and a member of the board of directors. Analog Devices, Inc. (Nasdaq: ADI) today announced the appointment of Alan Lee to the position of Chief Technology Officer (CTO). Mr. Chapman returned to ExxonMobil Chemical Company in 2011 as senior vice president in charge of the companys global polymers businesses. It's strong sequential growth versus 4Q and also puts you already in line with that 10% growth target that you had laid out for 2023. As you know, it's very tied to economic activity. Welcome to ExxonMobil's first quarter 2023 earnings call. We'll go next to Sam Margolin with Wolfe Research. Massachusetts Institute of Technology. Hey, good morning. Morford was chief legal and compliance officer for Cardinal Health between 2008 and 2019. Dan Clark The deputy general counsel of Exxon Mobil Corp. has been elected by the companys board of directors to replace general counsel Randall Ebner when he Jennifer Driscoll -- Vice President, Investor Relations. Experience Chief Technology Officer ExxonMobil Jan 1999 - Present 24 years 4 months. Alan Lee was named the new chief technology officer at Wilmington's Analog Devices. I would just also mention that we're in a relatively unusual market environment compared to what we've seen in the past. The Motley Fool has a disclosure policy. 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. From 2007-2009, he was the vice president of engineering for ExxonMobil Production Company. I think that that completes our queue. We don't see a lot of difference between what the conclusions they're coming up with and our conclusions. This ongoing success reflects the hard work of our people, executing our strategic priorities and fully leveraging our competitive advantages. You know, we always use the phrase the world is round. I think good progress in both PNG and Mozambique. 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. Lane Riggs serves as President and Chief Operating Officer, overseeing refining operations, engineering, projects and strategic sourcing organizations, commercial operations and renewables and logistics operations. Independent and Diverse Board of Directors. WebExxonMobil's key executives include Darren W. Woods and 13 others. Good morning. 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? A couple of points, I think, as we're looking at the refining margin. He has been with the company since 1989 and has served in many leadership positions. Good morning, Neil. Ms. Mikells serves on the board of Hartford Financial Services Group. Is it a Top Stock to Buy? 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. 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. Exxon Mobil Corporation officers. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. Invest better with The Motley Fool. He progressed through a number of domestic and international assignments for Exxon Company International, ExxonMobil Chemical Company and ExxonMobil Refining and Supply Company. And then just the last comment, like does the program end? We are committed to being an outstanding corporate citizen and employer, ESG: Environmental, Social and Governance. He joined with predecessor Ultramar Diamond Shamrock (UDS), and in his current position with Valero is responsible for company strategy and innovation efforts. Soon thereafter, Mark was promoted to Assistant Controller, and ultimately, Senior Vice President of Accounting, in 2012. 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. Jason Gabelman -- Cowen and Company -- Analyst. I would say we haven't changed our year-end targets, and so the guidance that we gave as part of the corporate plan discussion last year continues to hold. We've been, I think, pretty successful at consistently putting assets in the market and realizing the value of those. The role can differ from company to company but usually includes everything from: Technology vision and strategy Architecture Innovation Software development Infrastructure Jack Williams was elected senior vice president of Exxon Mobil Corporation in 2014. OK, Doug. He is also a member of the Business Roundtable, the Business Council and the Texas A&M University Engineering Advisory Council.
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