exxonmobil chief technology officer

So, we feel pretty good about our cash balance. So, we're not -- we don't have to sell anything. Thanks for joining us today. The other point I would make is, you know, feed and feed optimization is a big part of the margin equation as well. And so, that platform gives our traders a great base to optimize off of. And obviously, we'll be doing an update when we come to the end of the year, and so we'll talk in more detail about what we see from there on a go-forward basis. Uaru will provide an additional 250,000 barrels a day of gross capacity, with start-up targeted for 2026. And we certainly saw that with the China lockdowns. And then when those turnarounds are finished and capacity comes back out, you get a surge of supply. I think we're seeing the results of that starting to manifest itself. A significant contributing factor was structural cost savings that now total approximately $7.2 billion. We've now integrated our upstream into those value chains. We're making good progress there. So, what does a chief technology officer do exactly? Locke has since served in leadership roles over Strategic Planning, Public Policy, and Communications. Gorder earned a bachelors degree in business administration from the University of Missouri-St. Louis and a masters degree in business administration from Our Lady of the Lake University. Welcome to ExxonMobil's first quarter 2023 earnings call. So, I think, you know, that's kind of the things to watch. She is a native of Chicago. 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. Thanks for taking my question. I think, you know, the first comment I would make is, you know, over some period of time, it's typically pretty short, the world balances. Earlier in his career, he worked as an operations accountant for Exxon Corp. Eric Honeyman serves as Vice President Renewables Operations & Low Carbon Fuels, serving previously as Vice President Refining Operations. The digital watchtower - the importance of cybersecurity in the energy industry. You've got high carbon prices in Europe. Find your future. In 2005, he was appointed vice president of ExxonMobil Chemical Companys global polyethylene business. And then I'll just circle back, you asked a little bit about inflation. He joined the company from AMD, where he served as head of research and advanced development. He joins from Strides where he served as CIO. As we said during our Low Carbon Solutions Spotlight earlier this month, our low-carbon projects must be advantaged and deliver competitive returns. In 2006, Mr. Chapman served as executive assistant to the chairman of Exxon Mobil Corporation and in 2007 as president of ExxonMobil Global Services Company. TOP TIER certified fuel* and top-tier service at our Valero branded stations. That's work that we've got to demonstrate to ourselves. As a courtesy to other analysts, please limit yourself to a single question. And so, you know, that's all about improving the experience for our employees, for our vendors, for our customers, and continuing to drive efficiencies and, importantly, effectiveness across those organizations. With respect to that, we've had good progress with the government in PNG in terms of getting the agreements that we need signed and helping us move forward. Yeah. 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. It's maintaining a very strong balance sheet. In 2002, Mr. Chapman took over responsibility for aviation fuels marketing and, later, industrial and wholesale fuels. And frankly, that's how you need to think about this business. And at this time, I'd like to Valero Headquarters Fraser also has served as President of European Commercial Operations, overseeing the company's European commercial businesses, andVice President of Specialty Products Marketing. Sure, and good morning, Biraj. He has been with the company since 1989 and has served in many leadership positions. That will give analysts more time to ask questions before we conclude at 8:30 a.m. Central Time. In 2007 he was appointed acting deputy attorney general by then-president George W Bush. Alan Lee was named the new chief technology officer at Wilmington's Analog Devices. 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. That's very helpful. He previously served as Senior Vice President-Supply, International Operations and Systems Optimization; and Vice President-Crude, Feedstock, Supply and Trading. 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. He received his Bachelor of Business Administration and Master of Science degrees in accounting from Texas Tech University, where he also played football. 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. I'm thinking about relative to prior cycles. The high quality of the directors, officers and employees of He joined with predecessor Ultramar Diamond Shamrock (UDS), and in his current position with Valero is responsible for company strategy and innovation efforts. So, that's how I think about it. I think, you know, these -- like all of the businesses that we're in, the underlying drivers of the chemical margins tend to be the commodity chemicals that are driven by supply demand and the balances or imbalances in the supply demand. ExxonMobil has a long history of leadership in the petroleum and petrochemical industries. High-quality, Valero Branded Stations. Well, good morning. Roger Read -- Wells Fargo Securities -- Analyst. Today's call is being recorded. Thanks for joining us today. So, that polypropylene unit that we brought on, it really -- what is a pretty low point in the polypropylene market to make earnings -- positive earnings on a brand-new piece of kit that starts up in the lowest of the cycle is, I think, a testament to the strength of the projects that we are investing in and bringing in online. We are comfortable with everything we've got in the portfolio. She joined Valero in December 2006 as Managing Counsel-Labor & Employment, overseeing legal aspects of Valeros human resources policies, discipline, litigation and immigration. And I think we're striking a pretty even balance in that regard. 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. The Motley Fool has a disclosure policy. So, on the Beaumont expansion, can you talk about how the capacity is being absorbed in the market? 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. ExxonMobil's average debt rate is about 3%. In simple terms, the Chief Technology Officer is the executive responsible for managing and driving value from technology within an organisation. Good day, everyone, and welcome to this ExxonMobil Corporation first quarter 2023 earnings call. I'll delicately ask this question if I may. Also, please note that we provided supplemental information at the end of our earnings slides, which are posted on the website. 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. This is not about going out and taking speculative positions. Thanks. Jack Williams was elected senior vice president of Exxon Mobil Corporation in 2014. That's been our history. Thanks for taking the question. 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. 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. The sound science of cleaner energy: Jenny Seagraves. 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. Massachusetts Institute of Technology. Locke joined Valero in 2003 as an Audit Specialist in Valero's Internal Audit department where he earned several promotions and ultimately served as Executive Director of Internal Audit. Private Company. Before that he was the vice president responsible for Asia projects in ExxonMobil Development Company. You know, we always use the phrase the world is round. He progressed through a number of domestic and international assignments for Exxon Company International, ExxonMobil Chemical Company and ExxonMobil Refining and Supply Company. ExxonMobil We're always looking for an opportunity for an acquisition and one that grows value and it's got to be value-accretive. Can you give us an update where you are in Mozambique and also in the Papua New Guinea LNG? And so, we've got a really streamlined and a good view of the marketplace. Biraj Borkhataria -- RBC Capital Markets -- Analyst. I think we've got clear line of sight to some additional ones. 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 know, and certainly, some of the more recent changes that we've made in the organization, we'd expect to drive efficiencies and effectiveness going forward from here. So, my expectation is as these new organizations come together, they'll begin to find things. 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. Sure, I'll take that. OK. 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 So, we feel really good about where we're at today on our balance sheet. 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 Am I wrong in that, or is there -- any color would be helpful. 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? By: Materialise via Business Wire. Gasoline demand looks pretty reasonable, frankly. So, there will obviously be periods of time where things constrain that. In 1999, he moved to Investor Relations, and in 2004 was named Vice President of Investor Relations. "Kathy" Mikells joined Exxon Mobil Corporation in August 2021 as senior vice president and chief financial officer. Quite a dynamic market. Now, let me cover the quarter's headlines. You typically see early in the year a lot of refining turnarounds, which take a lot of capacity offline in that lower-demand season. Good morning. WebExxonMobil's key executives include Darren W. Woods and 13 others. He started as a Director in Corporate Development and moved to Business Development in 2015, where he was promoted to Vice President in 2018. 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. As I said earlier, that has historically come out of Europe, and their cost structures have increased, and so that marginal barrel is now higher, which is underpinning higher Gulf Coast refining. We focused -- I'll remind you, on the Beaumont expansion, this is something that we began planning and developing many, many years ago, and it was really built on the Permian production and the changes and transportation differentials by bringing crude into the front end of the Beaumont refinery and making the intermediate products to fill our conversion capacity and backing out imports of intermediates and saving the transportation of those intermediates that are typically coming from afar. With that, operator, please open up the line for our first question. Thanks for taking my question. He began his career in 1987 as a process engineer at Amoco Oil's Whiting Refinery, progressing through various engineering, operations and planning positions. 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. So, just to be clear, we've talked about a specific time period externally because we thought that would be helpful in transparency. Copyright 2003-2023 Exxon Mobil Corporation. We'll go next to Jason Gabelman with TD Cowen. Darren Woods, chief executive officer of ExxonMobil Corp., was chipper as he bandied with industry analysts on Jan. 31 about his companys poor 2019 performance. Throughout his career with Valero and UDS, Lashway has held critical leadership positions in the commercial and corporate development groups, and has been an integral part of key transportation and logistics projects, including the initial public offering of Shamrock Logistics L.P., the predecessor to NuStar, and its acquisition of Kaneb Pipe Line Partners L.P. Julia Rendon Reinhart serves as Senior Vice President and Chief Human Resources Officer, responsible for Valeros human resources operations companywide as well as global security, facilities and administrative services. I mean, our capital allocation approach, I think, has been very consistent and very clear. 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. 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. We'll go next to Biraj Borkhataria with RBC. 10 stocks we like better thanExxonMobilWhen our analyst team hasa stock tip, it can pay to listen. 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. So, obviously, you know, if additional capacity comes on that's much lower cost and that supply overwhelms any growth in demand, then we'll see the marginal price setter change. 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. Effective On May 1st, two new enterprisewide organizations will be up and running. WebExxonMobil's key executives include Darren W. Woods and 13 others. He joined the company from AMD, where he served as head of research and advanced development. But I think maintaining a long-term perspective and making sure our shareholders feel rewarded through the dividend policy is an underlying principle. And if you look at the production in the quarter, you guys reported 615,000 barrels a day. I'm Jennifer Driscoll, vice president, investor relations. The Motley Fool has no position in any of the stocks mentioned. We think that makes a lot of sense. Yeah. 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. He was earlier associated with Nissan Motor Corporation, Collabera, Safexpress Private Limited, IBM and Cognizant Technology.

Same Day Covid Testing Alexandria, Va, Lincoln Stars Coaching Staff, Articles E