Yeah. You know, all else held equal, a bigger company means a bigger working capital needs. Jack Williams was elected senior vice president of Exxon Mobil Corporation in 2014. 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. Darren Woods is a graduate of Texas A&M University, where he earned a Bachelor of Science degree in electrical engineering. ExxonMobil 10 stocks we like better thanExxonMobilWhen our analyst team hasa stock tip, it can pay to listen. I'll give you this one plus one. We will post the transcript of our Q&A session on our new investor website in a few days. And so, we've got a really streamlined and a good view of the marketplace. And so, I think, you know, our organizational construct today gives us a much better line of sight and opportunity to optimize in the trading space. Koen Berges to Succeed Johan Albrecht. So, I think we're in -- that's an important context in terms of what we're seeing right now. ExxonMobil Better Dividend Buy: ExxonMobil vs. Enbridge. Biraj Borkhataria -- RBC Capital Markets -- Analyst. So, I think, you know, looking at the numbers, what sort of jumps off the page is the cash balance, and you've been pretty transparent about this topic, and you know the imperative to build a fortress balance sheet. And then we've got -- as we continue to work on high grading the portfolio, continue to look at assets that we don't see are strategic necessarily or where we see potential value -- higher value for others, we'll continue to feed that divestment portfolio and market those assets. And so, that's kind of, I'd say, the underlying approach. But I think maintaining a long-term perspective and making sure our shareholders feel rewarded through the dividend policy is an underlying principle. We're never going to get out in front of the board of directors. Perspective In terms of the Papua New Guinea, is there expansion talk? ExxonMobil Deputy General Counsel Elected to Become Legal Chief Executive Team 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. ExxonMobil (XOM) Q1 2023 Earnings Call Transcript Hey, good morning. 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. Good morning, Neil. We've been, I think, pretty successful at consistently putting assets in the market and realizing the value of those. (210) 345-2000. 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. OK. 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. Spotify Chief Goes to Washington in His Crusade Against Apple 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. And then, you know, clearly, we're looking to share our success with shareholders, and you see that through a more consistent share repurchase program and a growing dividend. The CTO aligns services responsible for computer operations and production, Prior to joining Valero, Reinhart served as a Partner in the law firm of Bracewell & Giuliani LLP, where she defended employers in all phases of employment law. Other past positions include oversight of the companys North Slope and Cook Inlet interests in Anchorage, Alaska; deputy production manager for the companys South China Sea operations in Malaysia; two years in the U.S. upstream planning organization; operations superintendent for the company's East Texas field areas; and operations manager for the companys Gulf Coast and offshore California properties. I -- you know, it amazes me that -- the amount of questions that come up from this space. What you tend to see in depreciation is some ebbs and flows associated with our asset management activities. 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. Can you characterize where you are in that process and what you think you might have still in front of you in terms of noncore asset sales? And if I look at some of the numbers from some of your peers, it looks like that -- those businesses, the asset optimization could add up to 5% on ROCE in exceptional environment. The ExxonMobil Board of Directors elected Mr. Woods as Chairman and Chief Executive Officer, effective January 1, 2017. We work very closely with Total, obviously, given the same exposures and the work that we're doing there together, so, I would tell you, it's kind of a hand-in-hand approach that we're taking there, sharing information. Chief Technology Officer And, you know, we obviously have an advantage in a very heavy U.S. Gulf Coast footprint kind of relative to the global footprint, and that helped us in the sequential improvement in margin. 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. Reinhart was promoted to Executive Director-Corporate Communications, directing internal and external messaging, and advanced to Vice President-Corporate Communications in 2010. 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 Prior to attending the University of Texas, Fraser served in the U.S. Army in 1986-1990. Maybe a question on the chemicals business. Mr. Corson started his career with ExxonMobil in 1983 in New Orleans, Louisiana, and has held various technical, operations, commercial and managerial assignments around the world. Hebegan his career with Valero in 1999. Overall, I'd say the organization is doing a good job at looking to offset inflation and what's obviously been a higher inflation environment recently. Walsh has served in many different leadership roles within Valero's legal department. 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. 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. 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. It's maintaining a very strong balance sheet. 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? Ms. Mikells serves on the board of Hartford Financial Services Group. He is a native of Stoke-on-Trent, England. In 2019, he assumed the role of Vice President Investor Relations, and was promoted to his current position in 2021. If you look at the quarter, you know, we more than offset inflationary cost pressure with the structural savings that we were able to generate. Find your future. In simple terms, the Chief Technology Officer is the executive responsible for managing and driving value from technology within an organisation. We like -- you know, we've brought talent in there. Prior to joining Valero, Fisher worked for the law firm of Fulbright & Jaworski. WebCheryl Thomas serves as Senior Vice President and Chief Technology Officer, with responsibility for the companys information services network and related technology. Prior to Valero, he worked for ExxonMobil in refinery operations. After leaving GE, she held finance leadership positions in banking, including the Canadian Imperial Bank of Commerce. 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. 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. So, I want to stick with the Permian, but I'm not going to ask an M&A question. Mr. Woods was appointed president of ExxonMobil Refining and Supply Company and vice president of Exxon Mobil Corporation in 2012. And we certainly saw that with the China lockdowns. Thanks for taking my question. There are always short-term disruptions. Rich Lashway is Senior Vice President-Corporate Development andStrategy. You know, we talked a little bit in our presentation about the fact that our maintenance activities, we had a pretty heavy turnaround quarter, and those maintenance activities really came in at the first quartile, so much better than what we had planned for a shorter duration. You remember, as we went through the pandemic, a lot of investments got stalled and pulled back. If you look overall at where our number of -- I'd say different programs are driving savings for us. And so, that's the model that I have in my mind. Yeah. Education Materialise NV Announces New Chief Financial Officer The Motley Fool has no position in any of the stocks mentioned. You know, one is just improving the overall productivity across our workforce. Bhullar joined Valero in 2014. We do see some promising signs, but we'll have to see how that China demand and their economic activity picks up. That has been what I would say is on a continuum of growth. 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. Mike Seavers Joins Yuga Labs as Chief Technology Officer. 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 Yeah. chairman and chief executive officer. All Rights Reserved. ET. Bill Keillor - Vice President, Global Information Technology WebExxonMobil. ExxonMobil Analog Devices, Inc. (Nasdaq: ADI) today announced the appointment of Alan Lee to the position of Chief Technology Officer (CTO). FuelCell Energy, Inc. - FuelCell Energy Takes Step Toward 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. 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. We're making good progress there. ExxonMobil engineer Natalie Martinez discusses the companys efforts to scale up advanced recycling and her part in making it happen. Unlocking the potential of advanced recycling: Matthew McConomy. 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. CIO. He earned hisBachelor of Arts and Juris Doctor degrees from the University of Oklahoma. Have a nice weekend, everyone. First, giant hedge fund D.E. She is a native of Chicago. During the presentation, we'll make forward-looking comments, which are subject to risks and uncertainties. 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 *Stock Advisor returns as of April 24, 2023. The CTO aligns services responsible for computer operations and production, I wanted to ask about the results you're seeing there. 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. What I would say is as you look at where we're at today, I mean, this is seasonally a low point as you head into second quarter then third quarter and driving season, when you tend to see supply and demand tighten up and margins improve. 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. From 2010 to 2013, Mr. Williams was president of XTO Energy Inc., which ExxonMobil acquired in 2010. Corporate and affiliate officers | ExxonMobil We've seen a lot of capacity coming on. WebExxonMobil's key executives include Darren W. Woods and 13 others. I think we've been pretty consistent as we've talked about it. And I have every expectation that the capacity that we brought on in Beaumont will peak -- or I know it's on the far left-hand side of the cost of supply curve, so, I feel pretty good about its competitiveness. We'll go next to John Royall with J.P. Morgan. That's work that we've got to demonstrate to ourselves. Hi, guys. 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. Sorry. And then with time, that'll get balanced out based on transportation differentials.
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