I -- you know, it amazes me that -- the amount of questions that come up from this space. Materialise NV Announces New Chief Financial Officer In 2019, he assumed the role of Vice President Investor Relations, and was promoted to his current position in 2021. It's really a question of how do we optimize and maximize the value, and that's been the focus from the very beginning and continue to be one. ExxonMobil Is Near an All-Time High -- Is the Stock Still a Buy? Hi. [Operator instructions] We'll go first to Neil Mehta with Goldman Sachs. 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. The question is obviously when, but that will come. 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. Materialise NV (NASDAQ: MTLS), a leading provider of Hi. John Locke is Vice President and Treasurer. Prior to Bracewell, she practiced law at Troutman Sanders in Atlanta, with a short secondment to CNN as in-house labor and employment counsel, and the State of Georgia as an Assistant State Attorney General. He joined Esso Chemical Company in 1984 at the Fawley Refinery in the United Kingdom upon graduating from the University of Surrey. Additional information on the risks and uncertainties that apply to any forward-looking statements are listed in our most recent Form 10-Ks and 10-Qs available on our website for investors. Hey, good morning. I'll delicately ask this question if I may. 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. That way, we can accommodate more questions from more people. WebExxonMobil's key executives include Darren W. Woods and 13 others. It is very well positioned on a cost of supply curve. 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. We've had our own security folks out there assessing the situation. So, that gives you, I'd say, a little bit of a characterization of where savings are coming from. Anjani Kumar has joined Tata AIG General Insurance Company Limited as Chief Technology Officer (CTO) and EVP. We like where we've gotten to with that approach. Be exceptional. We've been, I think, pretty successful at consistently putting assets in the market and realizing the value of those. Chief Technology Officer (CTO Thomas has served Valero and its predecessors since 1984. The CTO aligns services responsible for computer operations and production, After all, the newsletter theyhave run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. 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. 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 You've got high carbon prices in Europe. Alan Lee was named the new chief technology officer at Wilmington's Analog Devices. We do see some promising signs, but we'll have to see how that China demand and their economic activity picks up. Welcome to ExxonMobil's first quarter 2023 earnings call. IRVING, Texas April 28, 2023 Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. ExxonMobil Cheryl Thomas serves as Senior Vice President and Chief Technology Officer, with responsibility for the companys information services network and related technology. With that, operator, please open up the line for our first question. ExxonMobil I think that that completes our queue. 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. Our global projects organization would be a great example of that. Coinbase chief legal officer Paul Grewal on company's heated That's, I think, really what's going to underpin where we focus our attention. We're seeing reports that Asian refiners are contemplating run cuts while margins in the U.S. are still really robust. 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. Simmons directs the supply, trading and hedging activities for supply of crude oil to all Valero refineries, and oversees international operations and refinery systems optimization. FuelCell Energy Takes Step Toward Commercializing Carbon That's right -- theythink these 10stocks are even better buys. 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. ExxonMobil He earned his undergraduate degree in economics from Texas A&M University and his Juris Doctor from the University of Texas School of Law. We're very much on track for the 9 billion at the end of this year relative to 2019. ExxonMobil Operator. That has been what I would say is on a continuum of growth. Spotify Chief Goes to Washington in His Crusade Against Apple Earnings in our product solutions business benefited from the team's solid operational execution, with top-quartile turnaround cost and schedule performance during a particularly heavy planned maintenance period. You know, a lot of simplification coming across that business as a result. Devin McDermott -- Morgan Stanley -- Analyst. Mr. Chapman advanced through engineering, operations, planning and commercial roles in various chemical affiliates in the United Kingdom, Belgium, the United States and Hong Kong prior to the 1999 merger between Exxon and Mobil. Alan Lee was named the new chief technology officer at Wilmington's Analog Devices. And, you know, if there's any thought around kind of the absolute level of cash today and really what's optimal. 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 ExxonMobil ( XOM 1.28%) Q1 2023 Earnings Call. If we see similar levels of exports as we saw last year, my expectation was that'll put additional upward pressure on the margin. John Royall -- JPMorgan Chase and Company -- Analyst. Our board is committed to ongoing engagement with our stakeholders. Prior to joining Valero, Locke worked at La Quinta Corporation and Ernst & Young LLP, in SEC reporting and audit and assurance roles, respectively. Apr 24 2023 - Wilmington, MA. If You Do This, You Won't Have to Worry About Them, 1 Trillion-Dollar Growth Stock Down 28% You'll Regret Not Buying on the Dip, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Shortly, Darren will provide opening comments and reference a few slides from this presentation. In 2010, he was appointed vice president of supply and transportation, based in Fairfax, Virginia. Rich Lashway is Senior Vice President-Corporate Development andStrategy. Before taking his current position, he was executive vice president of ExxonMobil Production Company. Chief Technology Officer And so, that -- the Europe set is the price setter for global markets ex-transportation. He began his career in 1987 as a process engineer at Amoco Oil's Whiting Refinery, progressing through various engineering, operations and planning positions. CIO. Those are embedded in the plans that we shared with you last December. ExxonMobil (XOM) Q1 2023 Earnings Call Transcript We'll go next to Sam Margolin with Wolfe Research. As gas prices came off, that gave us a better liquid-to-gas spread that allowed us to change some of our feed into our crackers and see the advantage of that. That's been our history. 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. Thanks. You know, you all know, we, several years ago, had a strategy on maximizing oil recovery versus initial production rates. Good morning. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and ExxonMobilwasn't one of them! 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. That will give analysts more time to ask questions before we conclude at 8:30 a.m. Central Time. Before coming to ExxonMobil, Ms. Mikells spent six years as chief financial officer for London-based Diageo, Plc. In 2013, she became Vice President-Human Resources Administration & Refinery Operations, responsible for human resources in Valeros refinery operations, as well as labor relations, technical training, HR Information Services and payroll. How kind of general inflation within not just the oil field but, you know, in general, how that's affecting that? With that, let me turn the call over to Jennifer. Thank you. Apr 24 2023 - Wilmington, MA. Making the world smarter, happier, and richer. He oversaw all commercial trading and related activity for the company, including Crude and Feedstock Supply and Trading, Products Supply and Trading, Wholesale Marketing, Logistics Operations, Commercial Business Development, Transportation and Specialty Products Marketing. I think just I'd speak to maybe the LNG portfolio as a whole. With time, I expect to see them pivot maybe a similar approach, but I think we've got a real good head start on that. Sure. During the presentation, we'll make forward-looking comments, which are subject to risks and uncertainties. A significant contributing factor was structural cost savings that now total approximately $7.2 billion. Sure, and good morning, Biraj. WebExxonMobil's key executives include Darren W. Woods and 13 others. Accenture Names Bhaskar Ghosh Chief Strategy Officer High-quality, Valero Branded Stations. Roger Read -- Wells Fargo Securities -- Analyst. Uaru will provide an additional 250,000 barrels a day of gross capacity, with start-up targeted for 2026. Chief Technology Officer ExxonMobil has a long history of leadership in the petroleum and petrochemical industries. WebSenior Vice President, Chief Safety and Security Officer and Chief Technology Officer @ ABS Education Columbia University in the City of New York Bachelor's degree (Human Resources Management and Services) Tyson David Email Address Found 2 email address listings: @fairpoint.net @exxonmobil.com Tyson David Phone Number Found 4 phone Thanks for taking my question. He is also a member of the Business Roundtable, the Business Council and the Texas A&M University Engineering Advisory Council. Meet Our Executive Team | Valero And so, that's kind of, I'd say, the underlying approach. He will continue to lead the growth strategy for Accentures Industry X business, which includes digital manufacturing and intelligent products and platforms. Mr. Woods was appointed president of ExxonMobil Refining and Supply Company and vice president of Exxon Mobil Corporation in 2012. It'll -- the question will be will we see the same thing this year, and I think time will tell. I think we've got clear line of sight to some additional ones. ExxonMobil But I would -- I'd make the same. This is about going out and optimizing given the asset base that we have, the value chains that we're participating in, taking the insights generated from running those businesses and the opportunities that come with those insights and transacting on them. 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. 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. So, I'd say we're very comfortable with where we stand. 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. Stock Market | FinancialContent Business Page Apr 28, 2023, 8:00 a.m. He is a Certified Internal Auditor, Certified Information Systems Auditor and Certified Fraud Examiner. I've talked about that in the past. I wanted to ask about the results you're seeing there. Chief 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. 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. ExxonMobil's supply chain will consolidate supply chain activities globally. The sound science of cleaner energy: Jenny Seagraves. In early April, we announced a long-term agreement with Linde to capture, transport, and permanently store up to 2.2 million metric tons of CO2 annually. 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. Thanks for joining us today. And so, that's the model that I have in my mind. Here with me are Darren Woods, chairman and chief executive officer; and Kathy Mikells, senior vice president and chief financial officer. 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. Thank you. And then when those turnarounds are finished and capacity comes back out, you get a surge of supply. WebBrad W. Corson was appointed chairman, president and chief executive officer of Imperial on January 1, 2020. ExxonMobil CEO and key executive team | Craft.co 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. As chief technology officer and executive vice president, Redon will be responsible for developing and delivering clean alternative fuel systems products from concept to customers in the global transportation and off-road markets while effectively implementing global integration strategies to optimize resource utilization worldwide. Learn about our production and sale of renewable diesel, a low-carbon fuel. Can you give us a -- thank you. Former EVP of Development at Epic Games will lead innovation and technology strategy for Yuga's next stage of growth. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. 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. So, I think -- you know, my view is we're going to see the typical push-up in the summer and see margins rise. Experience Chief Technology Officer ExxonMobil Jan 1999 - Present 24 years 4 months. Fisher began his career with Valero in 1997, when he joined Valeros Corporate Law Department. Thanks. I think we've been pretty consistent as we've talked about it. And so, that moved to a value chain construct that we had early on between refining and downstream, but now have that with our product solutions organization. Great. *Stock Advisor returns as of April 24, 2023. But I think maintaining a long-term perspective and making sure our shareholders feel rewarded through the dividend policy is an underlying principle. 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. ExxonMobil reports record first-quarter profits of $11.4bn But that's down the road. And so, when we're selling assets, sometimes we're taking a small impairment that runs through depreciation. 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. ExxonMobil 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. So, on the Beaumont expansion, can you talk about how the capacity is being absorbed in the market? Exxon Mobil adds first woman top-tier executive with external CFO 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. The Permian is doing well. Combining our engineering and research kind of groups collectively together. Good day, everyone, and welcome to this ExxonMobil Corporation first quarter 2023 earnings call. ExxonMobil ExxonMobil Today's call is being recorded. Unlocking the potential of advanced recycling: Natalie Martinez. We've got some fairly diverse assets with respect to the ability to manage feed and change feedstocks around. You know, one is just improving the overall productivity across our workforce. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Massachusetts Institute of Technology. Chief Technology Officer 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. What you tend to see in depreciation is some ebbs and flows associated with our asset management activities. To make the world smarter, happier, and richer. In addition, he was responsible for all business activity and operations of Valeros assets in the United Kingdom and Ireland. ExxonMobil to Release First Quarter 2023 Financial Results Welcome to ExxonMobil's first quarter 2023 earnings call. 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. Locke has since served in leadership roles over Strategic Planning, Public Policy, and Communications. I think you're going to see some movement in that up and down. I'm just wondering how vigorously are you pursuing this opportunity and how long do you expect it to take to get to where you want to be on the trading front. Exxonmobil Chief There is a unique value proposition there, and then my view would be we'll leverage that to the full extent that we can. 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 In 2007 he was appointed acting deputy attorney general by then-president George W Bush. 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. Chief Technology Officer 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. San Antonio, TX 78249 And is 9 billion -- like is that the end of the program or is there something to happen beyond that? Obviously, Kathy was on the Wire this morning talking about how picky Exxon would be on M&A. Thanks very much. 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 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. I mean, our capital allocation approach, I think, has been very consistent and very clear. Darren W. Woods Chairman and Chief Executive Officer Kathryn A. Mikells Senior Vice President, Chief Financial Officer Neil A. Chapman Senior Vice President Jack P. Williams Senior Vice President Angela F. Braly Director Steven A. Kandarian Director Gregory J. Goff Director Former EVP of Development at Epic Games will lead innovation and technology strategy for Yuga's next stage of growth. 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. I'll go ahead and take that, Sam. So, there will obviously be periods of time where things constrain that. Search. Good morning. Karen McKee, formerly president of ExxonMobil Chemical Company has been appointed to lead ExxonMobil Product Solutions. The ability of our low-carbon projects to compete successfully for capital is important if the world is going to meet its emissions aspirations. And I'm just wondering where you are in that journey because, obviously, we've seen some exceptional volatility in 2022 and then earlier this year across oil and gas. After leaving GE, she held finance leadership positions in banking, including the Canadian Imperial Bank of Commerce. The organizational changes we've already made are continuing to find things. Dec. 22, 2020, Who we are And then as we came out, those got turned back on again and come on to the marketplace. OK, Doug. TOP TIER certified fuel* and top-tier service at our Valero branded stations. We're working with our partner there, Total. We'll go next to Stephen Richardson with Evercore ISI. 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. So, I think, you know, that's kind of the things to watch. 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. By: Materialise via Business Wire. That enabled us, obviously, to have better throughput than we would have been planning overall for the quarter.
Patrick Fuller Son Of Robert Fuller,
John Demjanjuk Obituary,
Articles E