Offshore staff

IRVING, Texas – ExxonMobil says it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services.

Effective April 1, the company will be organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions. They will be supported by a single technology organization, ExxonMobil Technology and Engineering, and other centralized service-delivery groups.

The company said it is on track to exceed $6 billion in structural cost savings by 2023, compared to 2019, driven by savings from the new business structure and measures such as centralizing procurement, digital transformation of processes, and right-sizing programs that were announced in 2020.

The company has appointed Karen McKee to lead ExxonMobil Product Solutions, Linda DuCharme to lead ExxonMobil Technology and Engineering Company, and Liam Mallon to lead ExxonMobil Upstream Company.

Also, the company said it will relocate its corporate headquarters from Irving, Texas, to its campus north of Houston. The move is expected to be completed by mid-2023.

01/31/2022