exxonmobil chief technology officer

I'm Jennifer Driscoll, vice president, investor relations. Operator. 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. I think that that completes our queue. Image source: The Motley Fool. And so, when we're selling assets, sometimes we're taking a small impairment that runs through depreciation. 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. 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. WebExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the worlds growing energy needs. You've got high carbon prices in Europe. 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. Here with me are Darren Woods, chairman and chief executive officer; and Kathy Mikells, senior vice president and chief financial officer. We're never going to get out in front of the board of directors. Hey, good morning. Private Company. So, I'd encourage you to look at that. 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. ExxonMobil He previously served as Senior Vice President-Supply, International Operations and Systems Optimization; and Vice President-Crude, Feedstock, Supply and Trading. 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. Accenture Names Bhaskar Ghosh Chief Strategy Officer Who we are So, what does a chief technology officer do exactly? I think good progress in both PNG and Mozambique. 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. 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 I think we've been pretty consistent as we've talked about it. I think just I'd speak to maybe the LNG portfolio as a whole. Prior to joining Valero, Locke worked at La Quinta Corporation and Ernst & Young LLP, in SEC reporting and audit and assurance roles, respectively. Combined with the strength of our balance sheet, we have the capability to win across a wide variety of market conditions and deliver strong returns while meeting the evolving needs of society, including the need to reduce emissions. 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 start by saying, overall, we feel really good about the progress that we've made. Our presentation and prerecorded remarks are available on the new investor relations section of our website. 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. And then when those turnarounds are finished and capacity comes back out, you get a surge of supply. He earned hisBachelor of Arts and Juris Doctor degrees from the University of Oklahoma. 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. 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. So, we feel really good about where we're at today on our balance sheet. The organizations will focus on leveraging our scale to drive efficiencies, improve operating and financial results, and importantly, deliver an improved experience for customers, vendors, and our people. Apr 28, 2023, 8:00 a.m. Find your future. K. A. Mikells Senior Vice President and Chief Financial Officer (1) C. S. Morford Vice President, General Counsel and Secretary ( 1) D. L. Talley Vice President-Corporate Strategic Planning (1) D. G. Wascom Vice And we had talked about the fact that we would expect our cash balance post the end of the year to kind of ebb and flow, depending on how market prices and margins evolve. ExxonMobil In 2010, he was appointed vice president of supply and transportation, based in Fairfax, Virginia. ExxonMobil To Move Its HQ, Reorganize Business Structure - JPT In 2007 he was appointed acting deputy attorney general by then-president George W Bush. 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. ExxonMobil's average debt rate is about 3%. WebChief Technology Officer @ ExxonMobil; Executive Agent @ Firmdrex , , , , Not the Asger Michael you were looking for? Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Exxon has faced pressure from investors to shake up its leadership in the executive suite and its board of directors after years of poor returns and as other global oil majors invest more heavily in the energy transition. Mikells is the first woman and first external hire to enter Exxon's uppermost echelon. We'll go next to Doug Leggate with Bank of America. 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. Learn more about applying for a job with Team Valero. That enabled us, obviously, to have better throughput than we would have been planning overall for the quarter. In 2014, Mr. Woods was elected senior vice president of Exxon Mobil Corporation. Alan Lee was named the new chief technology officer at Wilmington's Analog Devices. 1 Valero Way We'll go next to Paul Cheng with Scotiabank. Mark Schmeltekopf serves as Senior Vice President and Chief Accounting Officer, with responsibility for the companys accounting, budgeting, forecasting and profit-planning procedures, as well as financial statements and reporting, and corporate tax functions. ExxonMobil Deputy General Counsel Elected to Become Legal Chief Bram holds a Bachelor of Science degree in chemical engineering from the University of Missouri-Rolla, now known as Missouri University of Science & Technology. ExxonMobil ( XOM 1.28%) Q1 2023 Earnings Call. But I would -- I'd make the same. Hello, Darren and Kathy. Eric Honeyman serves as Vice President Renewables Operations & Low Carbon Fuels, serving previously as Vice President Refining Operations. Former EVP of Development at Epic Games will lead innovation and technology strategy for Yuga's next So, I'll risk a follow-up very quickly. Proactive and consistent dialogue with stakeholders to address environmental, social and governance priorities. This article is a transcript of this conference call produced for The Motley Fool. 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. I think I couldn't remember if Jennifer said one question or one plus one follow-up. 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. Thank you. Additionally, we look forward to connecting again on May 31st for our annual shareholders' meeting. 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. Our management team Yeah. 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. But that's down the road. Fraser also has served as President of European Commercial Operations, overseeing the company's European commercial businesses, andVice President of Specialty Products Marketing. Chief 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. We've got some fairly diverse assets with respect to the ability to manage feed and change feedstocks around. The jump came 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. And so, we can now trade all along the entire length of the value chain. You saw sequential margin improvement in your chemicals products business driven by advantaged ethane pricing. Greg Bram serves as corporate Vice President-Supply Chain Optimization, responsible for all economic analysis pertaining to Valero's refining operations. Unlocking the potential of advanced recycling: Matthew McConomy. ET. ExxonMobil (XOM) Q1 2023 Earnings Call Transcript Management Committee | ExxonMobil And then in conjunction with that, the COVID impacts took a while for it to unwind through what I'd say is the global economy, which impacted chemical demand. ExxonMobil (XOM) Q1 2023 Earnings Call Transcript Their exports have been higher in the first quarter, but, you know, it depends to see how those play out going forward. They're meant to accompany the first quarter earnings news release, which is posted in the same location. 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. Chief Technology Officer Our global projects organization would be a great example of that. I wanted to ask a question on the downstream business and given your global reach there. And so, I'd say you kind of have to take a step back from that noise in depreciation. WebExxonMobil's key executives include Darren W. Woods and 13 others. Jason Fraser serves as Executive Vice President and Chief Financial Officer. Yeah. I appreciate the answer. 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 ET. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. WebExxonMobil. Thanks. While at J.P. Morgan, Bhullar was part of the advisory teams for the spinoff of CST Brands Inc. and the formation of Valero Energy Partners LP. I'll give you this one plus one. Obviously, the first I would make is we don't really pride ourselves on being able to forecast margins. We've now integrated our upstream into those value chains. We will post the transcript of our Q&A session on our new investor website in a few days. 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. All right. She has played a key role in restructuring Valeros Information Services Department and integrating recently acquired assets into Valeros complex systems. And then obviously, we can balance disbursement -- shareholder disbursements with buybacks. 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. You know, a lot of simplification coming across that business as a result. We certainly saw that coming out of the pandemic with some of the logistics constraints. Koen Berges to Succeed Johan Albrecht. Chief Reinhart earned a Juris Doctor from Emory University in 1994, and a Bachelor of Arts degree in economics and statistics, with a certificate in actuarial science, from the University of Rochester in 1991. You know, that's part of an overall strategy of growing performance chemicals, along with growing high-value products across our product solutions business, be it performance chemicals or low-emission fuels, high-value lubes. She was promoted to Vice President-Human Resources and Administration in November 2015, and to her current position in January 2019. Uaru will provide an additional 250,000 barrels a day of gross capacity, with start-up targeted for 2026. Perspective Prior to Valero, Bhullar was an Investment Banker focused on the Energy sector at J.P. Morgan and Citigroup. We'll go next to Biraj Borkhataria with RBC. Neil Chapman joined the Exxon Mobil Corporation Management Committee as senior vice president in 2018. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. 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. Learn about our production and sale of renewable diesel, a low-carbon fuel. 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. 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? And like I said, even in the short time, we've seen some really good results. ExxonMobil ( XOM 1.28%) Q1 2023 Earnings Call. With that, let me turn the call over to Jennifer. 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. And so, we justified that project on a transportation differential and felt that that provided a reasonable return, with the expectation that, on top of that, we would see the value of the additional fuels and the higher-value products that we were producing. Former EVP of Development at Epic Games will lead innovation and technology strategy for Yuga's next stage of growth. Chief Technology Officer Job Description and Skills. With that, operator, please open up the line for our first question. Stock Market | FinancialContent Business Page And so, that's kind of, I'd say, the underlying approach. Through investments in advantaged assets, mix improvements, and cost and operating discipline, we are delivering the structural earnings improvements outlined in our corporate plan update last December and expanding the energy supplies needed to meet growing global demand.

Best Sparq Scores All Time Nfl, Trenton Jazz Festival 2022, Articles E