Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. Active volunteer for many years, served on the board for 3 years and now on my second year as President of the . Health. View the Cost of Living in Major Cities, Browse other Companies in the MFG Nondurable Industry, The CMO develops an end-to-end marketing function that delivers messaging, branding, digital presence, product support, demand generation, content, research, and thought leadership. She is a former CFO at Xerox, ADT, Nalco and United Airlines. Cash flow from operations totaled $16.3 billion, and free cash flow was $11.4 billion for the quarter. No spam, ever. 1 Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels. Dont just tell staff to behave ethically. , Compared to the same quarter last year, earnings increased by $298 million, with favorable pricing actions partially offset by unfavorable foreign exchange impacts. To learn more, visit www.exxonmobil.com and the Energy Factor . Upstream earnings were $6.5 billion, a decrease of $1.7 billion from the fourth quarter. Lower liquids and natural gas realizations coupled with the absence of favorable mark-to-market impacts on unsettled derivatives, fewer days in the quarter, and higher scheduled maintenance negatively impacted results sequentially. Energy Products earnings totaled $4.2 billion, up $113 million from the fourth quarter. ExxonMobil Deputy General Counsel Elected to Become Legal Chief Similarly, discussion of future carbon capture, transportation and storage, as well as biofuel, hydrogen and other plans to reduce emissions are dependent on future market factors, such as continued technological progress, policy support and timely rule-making and permitting, and represent forward-looking statements. Receive independent news, thoughtful journalism & expert insights about leadership, corporate governance & key boardroom issues straight to your inbox every week. Estimates of cumulative annual structural savings may be revised depending on whether cost reductions realized in prior periods are determined to be sustainable compared to 2019 levels. This was a decrease of $176 million versus the fourth quarter driven by lower financing costs. She is currently pursuing a Doctor of Education in organizational change and leadership at the University of Southern California. Margaret Rogacki The total change between periods in expenses above will reflect both structural cost savings and other changes in spend, including market factors, such as inflation and foreign exchange impacts, as well as changes in activity levels and costs associated with new operations. Earnings excluding identified items decreased from $8.8 billion to $6.6 billion.
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