ExxonMobil Corp. will move its corporate headquarters to its campus north of Houston from Irving, Tex. as part of a continued restructure. The company also plans to combine its chemical and downstream companies and centralize its technology and engineering service organizations.
Effective Apr. 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.
In a Jan. 31 release, the operator 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 in 2020. The 2020 measures included a 1,900-employee reduction in its Houston workforce (OGJ Online, Oct. 29, 2020).
Karen McKee, formerly president of ExxonMobil Chemical Company, has been appointed to lead ExxonMobil Product Solutions.
Linda DuCharme, formerly president of ExxonMobil Upstream Integrated Solutions and ExxonMobil Upstream Business Development, has been appointed to lead ExxonMobil Technology and Engineering Company.
ExxonMobil Upstream Company will be led by Liam Mallon, formerly president of ExxonMobil Upstream Oil and Gas Company.
Headquarters relocation is expected to be complete mid-2023.