Mike Seavers Joins Yuga Labs as Chief Technology Officer. XOM earnings call for the period ending March 31, 2023. CIO. Copyright 2003-2023 Exxon Mobil Corporation. 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. 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 On June 1st, we plan to launch our new enterprisewide trading organization. Riggs earned his Bachelor of Science degree in chemical engineering from the University of Oklahoma and his Master of Business Administration degree with an emphasis in finance and economics from West Texas A&M University. Thank you. I suspect -- expect we'll still see some of that to come on here in the short term. ET. By: Materialise via Business Wire. We're in the market to find value, and we're willing to kind of let volumes do what they will do in the search for making sure that anything that we bring into the portfolio is accretive and is a unique value contribution for the shareholders. She joined Valero in December 2006 as Managing Counsel-Labor & Employment, overseeing legal aspects of Valeros human resources policies, discipline, litigation and immigration. 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. 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. But I wonder if the direction we're going with cash, you know, even net of shareholder returns that are continuing to increase and that are well within sort of your targets, you know, if we're kind of getting beyond fortress and into something even bigger than that. Unlocking the potential of advanced recycling: Matthew McConomy. Bill Keillor - Vice President, Global Information Technology Effective January 1, 2016, Mr. Woods was elected president of Exxon Mobil Corporation and a member of the board of directors. 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. Homer Bhullar is Vice President Investor Relations and Finance. I just would make the final point that, you know, as we look at that -- at divestments, it is a value proposition. We are comfortable with everything we've got in the portfolio. 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. 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 Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. 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. That's very helpful. I think we've got clear line of sight to some additional ones. 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. We're making good progress there. We've had our own security folks out there assessing the situation. He earned hisBachelor of Arts and Juris Doctor degrees from the University of Oklahoma. ExxonMobil announces first quarter 2023 results 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. ET. So, that was a help in the first quarter, some of that feed optimization, and that'll play into it as well. Here with me are Darren Woods, chairman and chief executive officer; and Kathy Mikells, senior vice president and chief financial officer. There are always short-term disruptions. And then obviously, we can take advantage of the global footprint, as you referenced, and trade along that global footprint and arbitrage between the markets. Also, please note that we provided supplemental information at the end of our earnings slides, which are posted on the website. Prior to joining Valero, Fisher worked for the law firm of Fulbright & Jaworski. 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. WebExxonMobil's key executives include Darren W. Woods and 13 others. 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 The Motley Fool has a disclosure policy. The interlocking value of our guiding principles is based on Safety, Environment, Community, Employees and Governance. Apr 24 2023 - Wilmington, MA. There is a unique value proposition there, and then my view would be we'll leverage that to the full extent that we can. And so, it's really about making sure that what we do there is sustainable for the long term. 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. If you look overall at where our number of -- I'd say different programs are driving savings for us. Analog Devices, Inc. (Nasdaq: ADI) today announced the appointment of Alan Lee to the position of Chief Technology Officer (CTO). Thanks for joining us today. You know, all else held equal, a bigger company means a bigger working capital needs. 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. Exxon Mobil's compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million from $1.70 million this Thanks for taking the question. Mike Seavers Joins Yuga Labs as Chief Technology Officer. We care about health and safety, and protecting our employees and neighbors. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. The Motley Fool has no position in any of the stocks mentioned. Thanks for taking my question. So, we started growing that in 2018. Thanks. Sure, and good morning, Biraj. In 2002, Mr. Chapman took over responsibility for aviation fuels marketing and, later, industrial and wholesale fuels. Ms. Mikells serves on the board of Hartford Financial Services Group. That will give analysts more time to ask questions before we conclude at 8:30 a.m. Central Time. A CTO should have the business knowledge necessary to align technology-related decisions with the organization's goals. Prior to attending the University of Texas, Fraser served in the U.S. Army in 1986-1990. 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. 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. Schmeltekopf joined Valero in 2003 as Executive Director of External Reporting. 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. In this role, Alan will identify and work to advance the next-generation technologies that will disrupt and shape the semiconductor industry and its markets. If we see similar levels of exports as we saw last year, my expectation was that'll put additional upward pressure on the margin. And so, we've got a really streamlined and a good view of the marketplace. Prior to joining Valero, Locke worked at La Quinta Corporation and Ernst & Young LLP, in SEC reporting and audit and assurance roles, respectively. 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 So, what does a chief technology officer do exactly? The role can differ from company to company but usually includes everything from: Technology vision and strategy Architecture Innovation Software development Infrastructure And then when those turnarounds are finished and capacity comes back out, you get a surge of supply. ExxonMobil technologist Stephanie Westbrook discusses the companys efforts to scale up advanced recycling and her role in making it happen. Welcome to ExxonMobil's first quarter 2023 earnings call. 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? Thanks. ET. After leaving GE, she held finance leadership positions in banking, including the Canadian Imperial Bank of Commerce. 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. June 17, 2021, Who we are 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? And at this time, I'd like to turn the call over to the vice president of investor relations, Mrs. Jennifer Driscoll. And as you move in the value chains, the opportunity to trade along that value chain and generate insights and advantage along the value chain changes pretty dramatically. Today's call is being recorded. Yeah. That's true for any of the areas of our portfolio where we've got, you know, a substantial business today and ongoing technology work to make advances. Koen Berges to Succeed Johan Albrecht. To make the world smarter, happier, and richer. 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. So, you know, that's a big part of our overall strategy and mixing up in both the chemical business and across our product solutions business, and we feel very good about the results that's bringing. I'm thinking about relative to prior cycles. ExxonMobil's Record-Setting Profits Continue. You saw sequential margin improvement in your chemicals products business driven by advantaged ethane pricing. We're working with our partner there, Total. 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. 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. So, I think -- you know, my view is we're going to see the typical push-up in the summer and see margins rise. Learn More, ExxonMobil(XOM 1.29%)Q12023 Earnings CallApr 28, 2023, 8:00 a.m. Today's call is being recorded. He earned his Bachelor of Business Administration degree from the Business Honors Program at the University of Texas at Austin, and his Juris Doctor from Harvard Law School. Sorry. We think that makes a lot of sense. Earlier in his career, he worked as an operations accountant for Exxon Corp. Perspective 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. Thank you, Darren. And now, please turn to Slide 3 for Darren's remarks. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Global trading will bring together expertise from across the company in crude, products, natural gas, power, and marine-freight trading. 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. WebExxonMobil. WebBrad W. Corson was appointed chairman, president and chief executive officer of Imperial on January 1, 2020. Also, please remain on the line in case we need to ask any clarifying questions. Operator. 1 Valero Way 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. Jason Gabelman -- Cowen and Company -- Analyst. 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. Bram holds a Bachelor of Science degree in chemical engineering from the University of Missouri-Rolla, now known as Missouri University of Science & Technology. We'll go next to Doug Leggate with Bank of America. Kathy, do you want to add anything to that? Koen Berges to Succeed Johan Albrecht. 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. That -- I think -- you know, we've been developing that approach, fine-tuning it, you know, testing it, and evolving that concept. This is not about going out and taking speculative positions. Sure, I'll take that. 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. The digital watchtower - the importance of cybersecurity in the energy industry. Yeah. We'll go next to Roger Read with Wells Fargo. By: Materialise via Business Wire. He joined Valero in 2001 in the Risk Management Department. Sam Margolin -- Wolfe Research -- Analyst. Yeah. chairman and chief executive 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. From 2005-2007, he served as an upstream advisor for Exxon Mobil Corporation. WebCheryl Thomas serves as Senior Vice President and Chief Technology Officer, with responsibility for the companys information services network and related technology. During the presentation, we'll make forward-looking comments, which are subject to risks and uncertainties. I'm Jennifer Driscoll, vice president, investor relations. I'll give you this one plus one. 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. Find your future. The organizational changes we've already made are continuing to find things. He has significant leadership experience at Valero, having served as General Counsel, as well asSenior Vice President with oversight of Valero's public policy, strategic planning, governmental affairs, investorrelations and external communications functions. From 2007-2009, he was the vice president of engineering for ExxonMobil Production Company. That's what you've seen us do. Unlocking the potential of advanced recycling: Natalie Martinez. 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. Alan Lee was named the new chief technology officer at Wilmington's Analog Devices. We got high gas prices in Europe with, I think, the potential to go higher. A public charity and Valero's philanthropic arm. 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? Better Dividend Buy: ExxonMobil vs. Enbridge. In terms of the Papua New Guinea, is there expansion talk? But if you go further back to some of the really high cycles, we carried more cash, and it reflected the commodity cycle and the nature that, typically, we're bringing in a lot of cash at the top of the commodity cycle. 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. Can you give us a -- thank you. The high quality of the directors, officers and employees of Incentives included in the Inflation Reduction Act are a positive step forward, although permitting and other regulatory improvements are still needed. 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. 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. You've got projects that are coming on, you know, sooner and bigger if you look at Guyana. Locke has since served in leadership roles over Strategic Planning, Public Policy, and Communications. So, if you'll allow me, I'll throw that at you. Energy Factor 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. The sound science of cleaner energy: Jenny Seagraves. Yeah. And I think we're striking a pretty even balance in that regard. 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. In hydrogen, we announced front-end engineering and design contract for the world's largest low-carbon hydrogen facility in Baytown, a heads of agreement with SK Group of Korea for offtake of blue ammonia from that facility. [Operator instructions] We'll go first to Neil Mehta with Goldman Sachs. Yeah. Darren, can I ask, in Mozambique, Total seems to be optimistic about the security on the ground. 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. I'm happy to answer that. We would have seen, actually, the benefit of some of that in this recent quarter. That led to a very different development approach trying to work across -- you know, and this cube design, work across all the benches simultaneously to maximize ultimate recovery. Darren Woods, ExxonMobil chairman and chief executive officer, explained it this way: Our transformed business structure enables us to more fully leverage the corporations scale, integration, technology advantages, and the skills and capabilities of our talented workforce, to better serve our customers.

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