SPRING, Texas - Exxon Mobil Corporation (NYSE: NYSE:XOM) announced the addition of Maria Jelescu Dreyfus to its board of directors, effective last Sunday. Dreyfus is the CEO and founder of Ardinall Investment Management, a firm specializing in sustainable investment and resilient infrastructure.
Chairman and CEO of ExxonMobil, Darren Woods, highlighted the strategic insight Dreyfus will contribute following the completion of the Pioneer merger, which has bolstered the company with a top-tier Permian asset and talent. Lead independent director Joseph Hooley welcomed her expertise in finance and sustainability, which is expected to enhance the board's capabilities.
Dreyfus brings a wealth of experience from her 15-year tenure at Goldman Sachs as a portfolio manager and Managing Director. Her role involved managing investments in sectors such as energy and infrastructure. She also holds board positions at Cadiz Inc. (NASDAQ: NASDAQ:CDZI) and CDPQ, a major Canadian pension plan, among other private and nonprofit organizations.
Her involvement extends to Columbia University's Center on Global Energy Policy as Vice-Chair of the advisory board and Co-Chair of its Women in Energy program. She is active with the MIT Corporation's Development Committee and the MIT Economics Department's Visiting Committee.
ExxonMobil is a leading international energy and petrochemical company, with businesses in upstream, product solutions, and low carbon solutions. The company has set ambitious emission-reduction targets for 2030 and aims for net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050.
The appointment of Dreyfus aligns with ExxonMobil's strategy to grow shareholder value and play a pivotal role in the transition to a lower-emissions future while continuing to meet global energy demands.
This news is based on a press release statement from Exxon Mobil Corporation.
InvestingPro Insights
As Exxon Mobil Corporation (NYSE: XOM) welcomes Maria Jelescu Dreyfus to its board, the company's financial stability and growth prospects remain a focal point for investors. With a robust market capitalization of $458.26 billion and a forward-looking P/E ratio of 13.16, ExxonMobil showcases its ability to maintain a strong position in the market.
Investors may find ExxonMobil's dividend track record particularly reassuring; the company has not only raised its dividend for 41 consecutive years but has also maintained dividend payments for a remarkable 54 years. This consistency reflects a commitment to shareholder returns even amidst the volatile energy sector. Moreover, the company's stock is known for its low price volatility, which might appeal to investors seeking stability in their portfolios.
From a performance standpoint, ExxonMobil's stock has seen a strong return over the last three months, with a 14.7% total price return, indicating positive investor sentiment. This aligns with the company's strategic endeavors, such as the Pioneer merger, to secure its position as a leader in the energy sector.
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