ExxonMobil Announces First-Quarter 2023 Results. We operate in all of the major U.S. unconventional producing regions and Western Canada and provide support and technical services to the corporations operations in Argentina. The term "project" as used in this release can refer to a variety of different activities and does not necessarily have the same meaning as under any government payment transparency reports. All Rights Reserved. Neil Duffin, currently president of ExxonMobil Production Company, will become president of ExxonMobil Global Projects Company. Natural gas has vital role in energy transition: IEF SecGen McMonigle, TechnipFMC has been awarded an additional contract and received notice to proceed by ExxonMobil affiliate Esso Exploration and Production Guyana Limited for its Yellowtail development in the Stabroek Block offshore Guyana. Workplace Flexibility: We have several programs such as Flex your Day, providing ad-hoc flexibility around when and where you work, as well as longer-term programs such as leaves of absence and part-time work. Please note benefits may be changed from time to time without notice, subject to applicable law. approximately $6 billion of positive effects from U.S. tax reform, The Project Manager will be located in Houston, TX and report to the EMPCo Project Engineering Manager within the EMPCo Engineering Department. Gibbs is currently senior vice-president with the company. Sustainability, Project Manager, Project Engineer, Chemical Engineer, Energy, Technology, Engineering, Research. The low-friction serverless architecture also eliminates infrastructure management tasks such as server or cluster provisioning, patching, operating system maintenance, and capacity provisioningmaking the platform compliant with ExxonMobils Enterprise Architecture mandates. Actual future results, including project plans, schedules, costs, returns, and capacities; ultimate recoveries; operating performance and demand projections could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments; reservoir performance; timely completion of development projects; technical or operating factors; the outcome of future commercial negotiations, including final agreed terms and conditions; unforeseen technical or operating difficulties and unplanned maintenance; and other factors discussed under the heading "Factors Affecting Future Results" in the Investor Information section of our website (www.exxonmobil.com) and in Item 1A of our most recent Form 10-K. will become president of ExxonMobil Upstream Oil & Gas Company. to returns in this release mean discounted cash flow returns based on expertise into a single organization that will support all three portfolio management efforts in one organization will further strengthen The project is a joint company supporting upstream, downstream and chemical businesses. three new upstream companies -- ExxonMobil Upstream Oil & Gas Company, https://www.businesswire.com/news/home/20190131005688/en/, Enhanced, integrated organization to maximize value of ExxonMobil Global Projects Company, a subsidiary of Exxon Mobil Corporation created to deliver competitively advantaged projects to meet the needs across Chemicals, Fuels & Lubricants and Upstream, entered into an exploratory dialogue with Amazon Web Services (AWS) to see how its technology could help reduce collaboration toil on MCPs. One such project, PNG LNG in Papua New Guinea recently reached production equivalent of 8.3 million tonnes per year, a 20-percent increase over the facilitys original capacity. Market Data copyright 2023 QuoteMedia. resources, is one of the largest refiners and marketers of petroleum Recently retired from ExxonMobil's Global Projects Company as Chief Project Management Engineer, Tony Bazzini joined the University of Houston's College of Technology effective September 2021. These include Global Clean Energy Holdings: May 2020-Present. An industry innovator and leader with nearly 40 years of experience has joined the College of Technology as a Professor of Practice in Construction Management. Terms of Use. And at this time, I'd like to turn the call over to the . Exxon Mobil Corporation, one of the worlds largest publicly traded energy providers and chemical manufacturers, through its affiliates explores for oil and natural gas on six continents, and sells fuels and lubricants under four brands: Esso, Exxon, Mobil, and ExxonMobil Chemical. year for adjusted 2017 earnings of approximately $15 billion. Join us on the journey toward your successful future. The project benefitted from an optimized contracting strategy and strong local and international partnerships. 1. Projects will consist primarily of $1-25M Midstream (Pipeline and . Overview. ET. ExxonMobil is utilizing its diversified supplier base to help reduce costs and safely accelerate development in its Guyana operations. After AWS Professional Services delivered a working proof of concept on time and on budget, ExxonMobil chose AWS to help deliver an MCP collaboration platform, Digital Project Home (DPH). and specialized commercial skills, such as drilling, research & 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 engineer Natalie Martinez discusses the company's efforts to scale up advanced recycling and her part in making it happen. Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Esso and Mobil. Manual document routing may take up to one business day out of the service-level agreement timelonger in cases of business-interrupting events, such as the COVID-19 pandemicreducing the amount of time for review and occasionally leading to bottlenecks in the workflow. The $12.7 billion Uaru project plans to include up to 10 drill centers and 44 production and injection wells aimed at developing an estimated resource of more than 800 million barrels of oil. You pay only for the compute time you consume. and other political or security disturbances; changes in law, taxes or Company. Georgetown, Our focus is on increasing overall value by strengthening our upstream business and further integrating it with the downstream and chemical segments to take advantage of our unique capabilities across the value chain. The board of directors of ExxonMobil Global Projects Company intends to elect Jon Gibbs, [], Exxon Mobil Corporation has announced it will streamline its upstream organisation and centralise project delivery across the company to support previously announced plans to double operating cash flow and earnings by 2025. ISSN: 1944-978X (Online)ISSN: 0149-2136 (Print), March 28, 2023 Pat Davis Szymczak Culture of Health: Programs and resources to support your wellbeing. ExxonMobil's Uaru project offshore Guyana gets the green light, set to add 250,000 bbl of daily capacity from 2026. The company's . Future Guyana developments will leverage the Liza Phase 1 approach. otherwise developed these estimates consistently with managements The following executives will lead the new companies: The Journal of Petroleum Technology, the Society of Petroleum Engineers flagship magazine, presents authoritative briefs and features on technology advancements in exploration and production, oil and gas industry issues, and news about SPE and its members. Working in locations around the world, ExxonMobil powers the economy of our neighboring countries with significant investments in economic growth. For more information, visit www.exxonmobil.com The companies were formed over a thirty-six year period with the most recent being . We have expertise in developing tight gas, shale gas and unconventional oil resources. The board of directors of ExxonMobil Global Projects Company intends to elect Jon Gibbs as new president after the retirement of Neil Duffin. Engineering Building 2, Room E421 gnnleditorial@gmail.com (Editorial) We invite you to bring your ideas to ExxonMobil to help create sustainable solutions that improve quality of life and meet societys evolving needs. RT=Real-Time, EOD=End of Day, The newly announced significant [], ExxonMobil reports it started production at Guyanas second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only 7 years since the [], ExxonMobil and Mosaic Materials have announced that they have entered into an agreement to explore the advancement of breakthrough technology that can remove carbon dioxide from emissions sources. As part of the ExxonMobil Pipeline Company (EMPCo), the Project Manager will have the primary responbiility of managing EMPCo Projects after Lead Case Selection is completed focused on Detailed Engineering, Procurement, Execution System Completion and Turnover and Start Up. He assumed his current role as President of ExxonMobil Global Projects Company in 2019. References to the forward-looking statements outlined at the 2018 by more than 100 percent to $31 billion by 2025 at constant 2017 ExxonMobil has an extensive global position in liquefied natural gas. liquefied natural gas, deepwater, heavy oil and conventional. Working relationships discussed herein do not necessarily represent a reporting connection, but may reflect a functional guidance, stewardship, or service relationship. will be ExxonMobils first fully modularized chemical plant, with fabrication of more than 140,000 tonnes of mega modules. Having safely exceeded the Plan of Development rate of 165,000 barrels of oil per day, Banyu Urip has reached a production rate of over 200,000 barrels of oil per day, delivering 25 percent of the national oil production. business and further integrating it with the downstream and chemical To learn more, visit exxonmobil.com, the Energy Factor, and ExxonMobils Advancing Climate Solutions. Investments outlined during the annual investor presentation, across all ExxonMobil Upstream Business Development Company will oversee strategy development, exploration, acquisitions and divestments. Meeting held on March 7, 2018. In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. AWS Key Management Service (KMS) makes it easy for you to create and manage cryptographic keys and control their use across a wide range of AWS services and in your applications. Job Segment: He added: Our Guyana investments and unrivalled development success continue to contribute to secure, reliable global energy supplies at this critical time.. They bring solutions every day to optimize our strategy in energy, chemicals, lubricants and lower-emissions technologies. Exxon Here's a look at the company's global carbon capture and storage technology footprint. Data delayed discussed in Item 1A. Enrollment is automatic and at no cost to you. Exxon Mobil Corporation is engaged in the energy business. They built four artificial islands at a cost of $22 million (in 1965 dollars). ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet societys evolving needs. The US$12.7 billion project will include up to 10 drill centres, and 44 production and injection wells aimed at developing an estimated resource of more than 800 million barrels of oil. release, please refer to the complete Analysts Meeting presentation Neil Duffin to retire as president of ExxonMobil Global Projects Company; Jon Gibbs to be elected president of ExxonMobil Global Projects Company. Nothing herein is intended to override the corporate separateness of local entities. Future investment returns exclude prior exploration I am looking forward to the innovation and savings it will bring to more project teams in the future., Decie Autin ExxonMobil Global Projects vice president. The success of our Upstream, Product Solutions and Low Carbon Solutions businesses is the result of the talent, curiosity and drive of our people. , 2003-2023 Society of Petroleum Engineers, Chad Nationalizes Doba Project, Derails Exxons Asset Sale to Savannah Energy, Innovation, Integration Enable Success in Guyana-Suriname Basin, QatarEnergy, ExxonMobil To Market Golden Pass LNG Independently, ExxonMobil, Shell Agree To Sell Joint Venture in California for $4 Billion. January 30, 2019. ExxonMobil Upstream Business Development Company will oversee strategy duration of economic recessions; unforeseen technical difficulties; the As one of the world's largest publicly held international oil and gas companies, ExxonMobil has a diverse portfolio of high-quality projects and opportunities across our Upstream, Downstream and Chemical businesses. upstream organization and centralize project delivery across the company The companys diverse supplier base includes nearly 1,000 unique local Guyanese suppliers, exemplifying Guyanas growing in-country supply chain capabilities, ExxonMobil said. available live and in archive form through ExxonMobils website at www.exxonmobil.com. , September 2, 2022 Trent Jacobs ExxonMobil, the largest publicly traded international oil and gas Typical experience range for this position is 10-20 years. statements. All rights reserved. technology, gas and power market optimization, and the global deployment Apr 28, 2023, 8:00 a.m. More information on our Companys benefits can be found at www.exxonmobilfamily.com. Today, at the Cepu block in East Java, we are working closely with our valued partners to develop the Banyu Urip oil field, where a discovery of an estimated 450 million barrels of oil was announced in 2001. These figures are intended to help The following executives will lead the new companies: The companys proven project-delivery capability will be enhanced We demonstrate our commitment to supporting the communitieswithin which we operate through education and economic empowerment, health, infrastructure provision and human-capacity development. Spring, TX 77389 NEIL W. DUFFIN Director 22777 Springwoods Village Pkwy. flows could differ materially due to a number of factors. The Construction Management program provides the ultimate balance of construction, business, and engineering courses. 2017 On average, a review team has four engineers and one lead reviewer with a contractually mandated service-level agreement of 10 days for each review. , November 15, 2022 Pat Davis Szymczak Duffin held the role of vice president of ExxonMobil Production Company for Africa in 2004, and became executive vice president of ExxonMobil Development Company in 2006. With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050. Its design incorporates extensive research into best practices in building and workplace design through extensive benchmarking of the worlds top academic, research, and corporate facilities. managements forecast of future oil prices or the price management uses Construction of the Golden Pass Pipeline was completed in 2009, followed by the completion of the terminal construction in 2010. Introducing the new Technology Division at the Cullen College of Engineering, UH Energy Experts to Share Insight and Knowledge at OTC 2023, Researchers Turn to the Power of Native Aquatic Plants to Clean Coastal Waters, Researchers Study How Underserved Farmers Can Improve Crop, Impact Climate Change, Electronic & Information Resources Accessibility, Discrimination and Sexual Misconduct Reporting and Awareness. Lama Avenue, This Engaging learning experiences and deeply rooted industry connections prepare our students with the knowledge and skills that help them land rewarding careers. Subscribe our channel at YouTube. ExxonMobil has partnered with Qatar Petroleum to develop the North Field, the worlds largest non-associated natural gas field. president. Spring, TX 77389 JOHN P. NOEL Director 22777 Springwoods Village Pkwy. The campus is located in Spring, Texas, on 385 wooded acres immediately to the west of Interstate Highway 45 (I-45), at the intersection of I-45 and the Hardy Toll Road, approximately 25 miles from the cultural vibrancy of downtown Houston. Further down the LNG value chain, ExxonMobil has partnered with Qatar Petroleum in three LNG receiving terminals in Europe and the United States. The campus was constructed to the highest standards of energy efficiency and environmental stewardship. We accomplish this purpose by integrating practical innovation into academic studies that prepare learners with proficient technology expertise. Savings Plan: You can contribute between 6% and 20% of your pay and are encouraged to enroll right away. Forward-looking statements regarding future earnings and cash flow made ExxonMobil Global Projects Company is a subsidiary accountable to deliver competitively advantaged projects to meet the needs across Chemicals, Fuels & Lubricants and Upstream. ExxonMobil Global Projects Company Names New president of ExxonMobil Global Projects Company 2 March 2021 Editor 0 Neil Duffin, president of ExxonMobil Global Projects Company, has announced his retirement effective April 1, 2021, after 41 years with ExxonMobil. For the $60 crude price case we assumed development, exploration, acquisitions and divestments and actively 15 minutes unless otherwise indicated (view Share Excel Jon Gibbs Overview Jon Gibbs has been associated with three companies, according to public records. Press Tab to Move to Skip to Content Link, Sustainability, Project Manager, Project Engineer, Chemical Engineer, Energy, Technology, Engineering, Research, Overall responsibility to deliver assigned projects meeting quality, cost, and schedule goals, Engagement with Commercial, Business Development, SSHE, and Operations, Laisse with other functions to ensure stakeholder alignment. statements. 2023 University of Houston. University of Houston Outlooks, projections, estimates, goals, targets, descriptions of 48. AWS Lambda lets you run code without provisioning or managing servers. includes upstream, midstream and downstream investments, enabling us to March 2018, ExxonMobil outlined a growth strategy to increase earnings chain management in five distinct global businesses -- unconventional, Adjusted earnings referenced in this release is a non-GAAP measure. Mobil Corporation (NYSE:XOM) said today it will streamline its According to a press release from the company, it expects Uaru, the fifth project on Guyanas offshore Stabroek Block, to add approximately 250,000 barrels of daily capacity after a targetted startup in 2026. (including important information contained in the Cautionary Statement The Global Projects organization was formed in 2019 and integrates decades of mega-project management experience, deep technical knowledge, and commercial capabilities into one global team that delivers projects across the Upstream, Downstream, and Chemical businesses. chemical will generate double digit rates of return. developments; general economic conditions, including the occurrence and ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first exploration well in 2015, Liza-1. business segments upstream, downstream and chemical. EXXONMOBIL made a final investment decision for the Uaru development offshore Guyana, after receiving the required government and regulatory approvals. Abbreviated references describing global or regional operational organizations and global or regional business lines are also sometimes used for convenience and simplicity. value capture, Proven project-delivery capability to be enhanced by centralized of future events or conditions in this release are forward-looking Analysts Meeting in this release are not intended to update those Within the oil and gas industry, there is a need to innovate and transform how an operator and its partnerssuch as engineering, procurement, and construction (EPC) contractors, sub-contractors, suppliers, and vendorscollaborate during major capital project (MCP) execution. The Global Projects organization was formed in 2019 and integrates decades of mega-project management experience, deep technical knowledge, and commercial capabilities into one global team that delivers projects across the Upstream, Downstream, and Chemical businesses. Through automation in DPH, the lead reviewer can reduce the error rate caused by siloed reviews in a typical electronic document management process by 34 percent. The engineers collaborate using multiple tools like document sharing and editing platforms, but that means they spend additional time switching between tools, decreasing productivity and creating a negative user experience. Our unique challenge consists of deploying technologies and methods to safely develop a wide range of resources both onshore and offshore in diverse locations around the world. ExxonMobil expects to use its DPH platform for multiple MCPs worldwidemeaning thousands of users collaborating through multiple simultaneous business workflowsso platform elasticity is critical for business. Neil Duffin, president of ExxonMobil Global Projects Company, has announced his retirement effective April 1, 2021, after 41 years with ExxonMobil. available on our website at www.exxonmobil.com. Projects will consist primarily of $1-25M Midstream (Pipeline and Terminal) projects. for internal planning purposes. segments to take advantage of our unique capabilities across the value The Company's principal business involves the exploration for, and production of, crude oil and natural gas, and the manufacture,. ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. become president of ExxonMobil Global Projects Company. Market Data powered by Neil Duffin, currently president of ExxonMobil Production Company, will Market Data copyright 2023 QuoteMedia. IRVING, Texas-- (BUSINESS WIRE)-- Exxon Mobil Corporation (NYSE:XOM) said today it will streamline its upstream organization and centralize project delivery across the company to support previously announced plans to double operating cash flow and earnings by 2025. business plans and objectives, market expectations and other statements For convenience and simplicity, those terms and terms like corporation, company, our, we and its are sometimes used as abbreviated references to specific affiliates or affiliate groups. Since 1941, the Technology Division at the Cullen College of Engineering has been committed to workforce development, community enrichment, and corporate progress. Locations. organizational changes on schedule and as planned; and other factors The Government of Guyana issued the production license for the first development Liza Phase 1 in June 2017 and oil production started ahead of schedule in December 2019. Read the report ExxonMobil is utilising its diversified supplier base to help reduce costs and safely accelerate development in its Guyana operations. Image source: The Motley Fool. DPH is globally accessible, secure, and ready to scale. The basic benefit is a monthly annuity to be paid to you in retirement for the rest of your life. Hess Guyana Exploration Ltd. holds 30 per cent interest and CNOOC Petroleum Guyana Limited holds 25 per cent interest. The reorganization will be effective 1 April and result in the creation of three new upstream companies: ExxonMobil . https://www.businesswire.com/news/home/20230427005677/en/, Uaru project receives government approvals; production targeted to begin in 2026, Fifth Stabroek block development will have daily production capacity of around 250,000 barrels, $12.7 billion of additional investment in Guyanas growing energy industry. Gibbs joined Exxon Company USA in 1993 as an engineer and has held increasingly senior roles throughout his career, including management positions in Nigeria and Angola. and Supplemental Information sections of the presentation) which is Exxonmobil Global Projects Company was ranked 17437 among all visa sponsors. levels; that other factors such as laws and regulations (including tax Actual future results, including future earnings and cash The board of directors of ExxonMobil Global Projects Company will replace Duffin with Jon Gibbs, the currently senior vice president of the company. and environmental laws) and fiscal regimes remained consistent; and The Liza Phase 1 development in Guyana is another example of the value created by our Global Projects organization. ExxonMobil is . ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the Stabroek Block. All Rights Reserved. ExxonMobil estimates that real-time collaboration in DPH can save ExxonMobil engineers an equivalent of 30,000 hours per MCP, assuming 15,000 document reviews for a typical multibillion-dollar MCP. delay times for all exchanges). The team supports the ExxonMobil Global Projects Company to deliver major capital projects for all ExxonMobil business lines (Upstream, Product Solutions and Low Carbon Solutions) by providing expertise in the areas of contract development, contract administration and market intelligence. ExxonMobil has full control of its data in DPH. QuoteMedia. Carbon . According to the independent research firm Rystad Energy, they are also among the best performing in world with respect to emissions intensity, outpacing 75% of global oil and gas producing assets. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, citizenship status, protected veteran status, genetic information, or physical or mental disability. Two FPSOs, the Liza Destiny and Liza Unity, are currently operating offshore Guyana and safely produced an average of 375,000 barrels of oil per day in the first quarter. Exxonmobil Global Projects Company has filed 9 labor condition applications for H1B visa and 0 labor certifications for green card from fiscal year 2020 to 2022. Follow. It was designed to foster improved collaboration, creativity and innovation and enhance the companys ability to attract, develop and retain the top talent in the industry. Market Data powered by Our fifth, multi-billion-dollar investment in Guyana exemplifies ExxonMobils long-term commitment to the countrys sustained economic growth, said Liam Mallon, President of the ExxonMobil Upstream Company. In 1992, he was named producing advisor for Europe and Africa, followed by a role as operations and northern North Sea manager. For more information concerning the We are committed to supporting the needs and aspirations of the local people of Indonesia by contributing to programs that improve the quality of life of our neighboring communities, putting emphasis on three focus areas education, health, and economic development. He became vice president, ExxonMobil Development Company for Russia, Kazakhstan, and the Middle East in 1999. Forward-looking statements are based on current expectations, estimates, projections and assumptions at the time the statements are made. or follow us on Twitter www.twitter.com/exxonmobil. DPH went live in March 2020, and as the project scales up, so will the realized benefits. PD=Previous Day. Duffin later was named senior vice president, Mobil Oil Indonesia. The venture remains on schedule, on budget, and on track to competitively capture If you contribute at least 6% to your savings plan, the Company will contribute a 7% match. earnings by 2025. MODEC is constructing the Floating Production Storage and Offloading (FPSO) vessel for the Uaru project, which will be called the Errea Wittu. earnings represent approximately $19.7 billion of GAAP earnings minus Our focus is on increasing overall value by strengthening our upstream The islands in 1967 were named Grissom, White, Chaffee, and Freemen in honor of . Analysts Meeting. 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