Exxonmobil reorganization Nov 7, 2025 · ExxonMobil will launch ExxonMobil Global Operations in 2026 — its largest reorganization in decades — merging Upstream, Product Solutions, and Low Carbon Solutions into one unified business Exxon Mobil Corporation (NYSE: XOM) announced a major reorganization that will centralize its operations into a new entity, ExxonMobil Global Operations, effective in 2026, as part of its Jan 31, 2022 · Exxon Mobil Corp. 2 billion of dividends and $5. The pilot project is set to start in Rotterdam in early 2026. (Nasdaq: FCEL) and ExxonMobil Technology and Engineering Company (EMTEC) have agreed to extend their ongoing joint development agreement through March 31, 2024. 8 billion in the fourth quarter and $16. ExxonMobil said on Monday it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services Dec 1, 2021 · IRVING, TEXAS – ExxonMobil said today it has finalized corporate plans, which increase spending to $15 billion on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its industry-leading portfolio. Feb 4, 2022 · ExxonMobil says it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support Dec 18, 2024 · Upstream strengthens energy security by expanding access to reliable and affordable supply while focusing on achieving industry-leading emissions intensity. Jul 18, 2025 · Chevron has prevailed against Exxon Mobil in a dispute over Hess Corp. 26% Mobil Corp. The extension enables further development related to A: ExxonMobil and Pioneer estimate that, as of immediately following completion of the Merger and without giving effect to any ExxonMobil share repurchases after the date of this proxy statement/prospectus, holders of ExxonMobil common stock as of immediately prior to the Merger will hold approximately [ ]% and holders of Pioneer common stock All website features may not be available based upon your cookie consent elections. Feb 1, 2019 · The reorganization will be effective April 1 and involve the creation of three new upstream companies, ExxonMobil Upstream Oil & Gas Company, ExxonMobil Upstream Business Development Company and ExxonMobil Upstream Integrated Solutions Company. 54% is moving its corporate headquarters from Irving, Texas, to Houston as part of a business reorganization that the company said will be completed by 2023. Central Time on Wednesday, December 11. Gibbs as Senior President to improve efficiency and support low-carbon goals. The announcement is part of the company’s effort to streamline its business structure “to better support customers, enhance performance and grow value,” according to a press release. , a Delaware corporation (“Denbury”), have entered into an Agreement and Plan of Merger, dated as of July 13, 2023 (as it may be amended from time to time, the “Merger Dec 14, 2023 · Technical progress continues towards commercialization of carbonate fuel cell technology for carbon capture DANBURY, Conn. 9 billion, or $2. The reorganization will be effective April 1 and involve creation of three new upstream companies -- ExxonMobil Upstream Oil & Gas Company, ExxonMobil Upstream Business Development Company and ExxonMobil Upstream Integrated Solutions Company. HTML Our diversification, integration, and financial strength help reduce our overall volatility relative to others (0:52) HTML What a share of ExxonMobil offers you (0:58) HTML Jan 30, 2019 · Exxon Mobil Corporation 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. Sep 30, 2025 · Exxon Mobil (XOM) is slashing about 2,000 jobs worldwide as part of a planned reorganization, the latest sign of cutbacks at several major oil companies have reduced their workforces in recent Feb 9, 2023 · Exxon Mobil Corp said on Thursday it is merging some business units as part of an effort to cut annual costs by $9 billion by 2023 from 2019 levels. , Aug. Jan 31, 2019 · 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. Feb 15, 2023 · ExxonMobil (XOM) adopts the route of corporate restructuring as part of its cost-cutting plan. Top managers recognized that the current structure lacked coordination and direction. Presenters include Darren Woods, Chairman and Chief Executive Officer; Kathy Mikells, Senior Vice President and Chief Financial Officer; Neil Chapman, Senior Vice President; and Jim Chapman, Vice President, Treasurer and Investor Dec 11, 2024 · Supporting materials for this press release are available on the ExxonMobil Investor Relations site. Learn more about ExxonMobil’s board of directors and executive committee. RT =Real-Time, EOD =End of Day, PD Sep 30, 2025 · Exxon Mobil : Our business transformation continues with a reorganization of our business in Europe, centralizing the majority of EU employees at key locations Apr 10, 2024 · FuelCell Energy and ExxonMobil extend their partnership to develop carbonate fuel cell technology for carbon capture, simultaneously generating electricity and hydrogen. We have an industry-leading portfolio of resources, and we're one of the largest integrated fuels, lubricants and chemical companies in the world. Feb 1, 2022 · Exxon Mobil Corp on Monday disclosed a sweeping restructuring of its global operations that will combine its refining and chemicals businesses into one, and put its energy transition business on Jan 31, 2022 · ExxonMobil To Move Its HQ, Reorganize Business Structure ExxonMobil is moving its headquarters to the Houston area as part of a major reorganization that will put its engineering and technology support staff in one unit. The reorganization will be effective 1 April and result in the creation of three new upstream companies: ExxonMobil Upstream Oil & Gas Company, ExxonMobil Upstream Business Development Oct 11, 2023 · SPRING and IRVING, Texas – Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. oil company, which posted a record profit Feb 3, 2022 · ExxonMobil is relocating its corporate headquarters from Irving, Tex. to 12:15 p. 8 billion and free cash flow was $6. Dec 22, 2024 · Read what Advanced Research Scientist employee has to say about working at ExxonMobil: The work itself is enjoyable and motivating, but the higher levels of management do not understan Jan 31, 2022 · ExxonMobil will move its headquarters to its campus north of Houston by 2023 as the company works to restructure its operations. 2024, on top of the $11 Feb 9, 2023 · Exxon XOM 2. Jan 31, 2022 · Exxon Mobil is restructuring its business into three divisions and moving its headquarters from Irving, Texas. Nov 6, 2025 · Exxon Mobil Corporation has announced a major reorganization that will centralize its operations into a new entity, ExxonMobil Global Operations, from 2026. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). 08 per share assuming dilution, resulting in full-year earnings of $23 billion, or $5. 76 per share assuming dilution. We make the products that drive modern transportation, power cities, lubricate industry and provide petrochemical building blocks that lead to thousands of consumer goods. 6 billion for the full year 2021, in line with guidance. 3 billion. Jan 31, 2022 · Exxon Mobil disclosed a sweeping restructuring of its global operations that includes cost-cutting efforts and a plan to move headquarters to Houston. Explore our leadership team and the powers of the board. Effective April 1, the reorganization will involve creation of three new upstream companies – ExxonMobil Upstream Oil & Gas Co. , and ExxonMobil Upstream Integrated Solutions Co. The company said it will move the headquarters from Irving to its Spring campus by Jan 31, 2022 · ExxonMobil said today it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and Question: What may have led to the decision to reorganize ExxonMobil? Environmental uncertainty was related to climate change and the Middle East. 28, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. 1 Exxon Mobil reveals plans to centralize operations into ExxonMobil Global Operations in 2026, appointing Jon M. May 3, 2024 · ExxonMobil completed its merger with Pioneer Natural Resources on 05/3/2024 for 0. The plans support the corporate strategy of continued structural cost savings, investment in low-cost-of-supply and lower Feb 20, 2024 · We would like to show you a description here but the site won’t allow us. Jan 31, 2019 · The reorganization will be effective April 1 and involve creation of three new upstream companies -- ExxonMobil Upstream Oil & Gas Company, ExxonMobil Upstream Business Development Company and ExxonMobil Upstream Integrated Solutions Company. Dec 11, 2024 · Dec 11, 2024 8:30 AM CST – 12:15 PM CST Dec 2, 2024 · We're hosting a virtual webcast of our Corporate Plan Update and Upstream Spotlight event from 8:30 a. 28, 2023 (GLOBE NEWSWIRE) - FuelCell Energy, Inc. Jul 11, 2023 · Exxon Mobil has officially relocated its corporate headquarters to its campus outside Houston, according to a recent filing with the U. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. Learn more about our board of directors. About ExxonMobil ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs. , ExxonMobil Upstream Business Development Co. September 27, 2023 Re: Qualification of the Merger as a Tax-Free Reorganization Exxon Mobil Corporation 22777 Springwoods Village Parkway Spring, TX 77389 Ladies and Gentlemen: We have acted as counsel for Exxon Mobil Corporation, a New Jersey corporation (“ Parent ”) in connection with the Merger, as defined and described in the Agreement and Plan of Merger entered into by and among Aug 12, 2024 · By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil issued a layoff notice to 59 employees as part of its workforce reshuffle following its $60 billion acquisition of Pioneer Natural Resources, according to a filing with the Texas Workforce Commission. Exxon said more than 1,500 Pioneer employees were offered jobs as part of the merger. 's offshore oil assets in the South American nation of Guyana. Chevron plans to lay off between 15% and 20% of its global workforce by the end of 2026 as part of a broader effort to reduce costs and streamline operations, the US oil giant announced on Wednesday. May 29, 2024 · Market Data copyright © 2025 QuoteMedia. It was formed in 1999 by a direct descendant of John Rockefeller. The move follows the restructuring of Exxon's Exxon Mobil (XOM) is slashing about 2,000 jobs worldwide as part of a planned reorganization, the latest sign of cutbacks at several major oil companies have reduced their workforces in recent Exxon Mobil Corporation today announced fourth-quarter 2021 earnings of $8. 2 billion operational cash in H1 2024, supporting a $20 billion share repurchase plan through 2025. Dec 9, 2022 · ExxonMobil announced Thursday that will be raising its investments in pretty much all areas of its business, perhaps most notably by increasing its stock buyback plan from $30 billion to $50 . 2024 (footnote constant price/margin basis) We now plan to achieve >$3 billion in annual synergies from the Pioneer acquisition, 50% more than previously announced We see $7 billion more in structural cost savings vs. See ExxonMobil’s full list of corporate and affiliate officers. Learn about Chapter 7 and Chapter 13, bankruptcy impacts on credit, asset protection, and legal requirements. Feb 1, 2022 · ExxonMobil is further streamlining its business structure by combining its chemical and downstream companies and centralising its technology, engineering, and other support services, to better support customers, enhance performance and grow value. December 22, 2023 Re: Qualification of the Merger as a Tax-Free Reorganization Exxon Mobil Corporation 22777 Springwoods Village Parkway Spring, TX 77389 Ladies and Gentlemen: We have acted as counsel for Exxon Mobil Corporation, a New Jersey corporation (“Parent”) in connection with the Merger, as defined and described in the Agreement and Plan of Merger entered into by and among Parent Exxon Mobil is adding several business units under three new organizational structures as part of a continuing corporate shuffle meant to save money, according to an internal memo sent to Feb 9, 2023 · Exxon Mobil Corp said on Thursday it is merging some business units as part of an effort to cut annual costs by $9 billion by 2023 from 2019 levels. Dec 6, 2023 · ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business. ?????? An economic downturn was anticipated. Read the high-level summary of preliminary voting results. on Monday unveiled sweeping changes in the way it does business in order to cut costs, combining its chemicals and refining divisions under one umbrella and moving headquarters Oct 31, 2025 · ExxonMobil announces third-quarter 2025 results SPRING, Texas – October 31, 2025 – Exxon Mobil Corporation today announced third-quarter 2025 earnings of $7. A: ExxonMobil and Pioneer estimate that, as of immediately following completion of the Merger and without giving effect to any ExxonMobil share repurchases after the date of this proxy statement/prospectus, holders of ExxonMobil common stock as of immediately prior to the Merger will hold approximately [ ]% and holders of Pioneer common stock Apr 16, 2024 · FuelCell Energy and ExxonMobil’s 10-year-long working relationship has focused on innovating technology that can significantly reduce CO 2 emissions from emission-intensive sectors while generating electricity and hydrogen in the process, something that no other fuel cell technology or conventional absorption systems can do. Get to know some of the faces of our organization. energy major Exxon Mobil will lay off 2,000 workers globally as part of a long-term restructuring plan, Bloomberg News reported Tuesday, adding to a wave of job cuts in the oil and gas industry this year. Apr 4, 2024 · On March 31, 2024, FuelCell Energy, Inc. Exxon Mobil Corp. Dec 11, 2024 · Here are the highlights of our plan to 2030: We expect to deliver growth potential of $20 billion in earnings and $30 billion in cash flow by 2030 vs. 4 billion, including $4. The Form S-4 SEC filing for this merger can be found through the SEC EDGAR web site at: Dec 11, 2024 · ExxonMobil today announced its Corporate Plan to 2030, creating a platform to further extend the company’s track record of delivering leading sharehol Jan 31, 2022 · ExxonMobil plans to relocate its corporate headquarters to its Houston campus from Irving, Texas. to its campus north of Houston. 39 per share assuming dilution. Exxon Mobile Corporation is an American gas and oil company corporation. ExxonMobil Pipeline Company’s leadership team is comprised of industry leaders and experts in their fields. News Our business transformation continues with a reorganization of our business in Europe, centralizing the majority of EU employees at key locations Today, we are announcing the next step of our global business transformation and have informed our employees in the European Union and Norway that we intend to reorganize our footprint in the region. Jun 20, 2025 · It’s the end of an era for ExxonMobil as the company is scheduled to demolish their old 10-story Main Office Building in Baytown on Saturday. Learn more on XOM stock here. Jan 31, 2022 · ExxonMobil’s iconic Energy Center building, a 10,000-ton “floating cube” that appears to hover over the plaza below, at their 385-acre campus just north of Houston. This amendment marks a significant continuation of their collaborative efforts to advance carbon dioxide The org chart of ExxonMobil contains its 181 main executives like Darren Woods, Kathryn Mikells and John Whelan. Securities and Exchange Commission. Our business divisions ExxonMobil's three primary businesses provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. What may have led to the decision to reorganize ExxonMobil? In 2019, concurrent with ExxonMobil’s Upstream reorganization, Bob returned to Research and Technology Development. Discover the basics of bankruptcy for ExxonMobil employees. Oct 1, 2025 · Exxon Layoffs Announced: 2,000 Jobs To Be Affected by Reorganization Efforts After businesses like Chevron, ConocoPhillips, and BP, Exxon is the latest to announce restructuring layoffs that may help realign the business with its goals while also managing its labor needs. Feb 3, 2022 · ExxonMobil, one of the largest publicly traded international energy companies, announced further streamlining of its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services. Feb 9, 2023 · Today we operate in most of the world's countries and are best-known by our familiar brand names: Exxon, Esso and Mobil. Dec 11, 2024 · ExxonMobil announced its Corporate Plan to 2030, creating a platform to further extend the company’s track record of delivering leading shareholder value. Click hereto update settings. is combining business units as part of a continuing corporate reorganization that will cut costs and trim some jobs. ExxonMobil will create a global trading division later this year as part of the latest stage in a company-wide reorganization. said yesterday it will move its headquarters to the Houston region as part of a reorganization that aims to streamline the oil company’s operations and trim costs. Sep 30, 2025 · A day after Calgary-based Imperial Oil announced plans to slash its workforce by 20 per cent, its parent company, ExxonMobil, also announced deep job cuts. Effective April 1, as part of the reorganization, three business lines, including an oil-and-gas production unit named ExxonMobil Upstream Company, a chemicals-and-refining unit named ExxonMobil Product Solutions, and a low-carbon unit named ExxonMobil Low Carbon Solutions, will be formed. ExxonMobil is the world's largest publicly traded international oil and gas company, providing energy that helps underpin growing economies and improve living standards around the world. As one of the largest refiners in the world, we manufacture and distribute products derived from crude oil and other feedstocks. Our business transformation continues with a reorganization of our business in Europe, centralizing the majority of EU employees at key locations Today, we are announcing the next step of our global business transformation and have informed our employees in the European Union and Norway that we intend to reorganize our footprint in the region. 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. , and ExxonMobil Technology and Engineering Company (formerly known as ExxonMobil Research and Engineering Company), known as EMTEC, solidified their ongoing partnership with the signing of Amendment No. Jan 31, 2022 · ExxonMobil will move its headquarters from a Dallas suburb to the Houston area, the company announced on Monday. May 3, 2024 · Learn more about ExxonMobil’s acquisition of Pioneer Natural Resources and how this merger accelerates net zero goals in the Permian Basin. Pioneer had roughly 2,200 employees. Shareholder distributions totaled $9. (Nasdaq: FCEL) and ExxonMobil Technology and Engineering Company (EMTEC) have agreed to extend their ongoing joint Aug 28, 2023 · FuelCell Energy, Inc. Sep 30, 2025 · Oil giant Exxon Mobil will slash 3% to 4% of its global workforce, affecting 2,000 employees in a long-term restructuring plan announced by the company. A: Exxon Mobil Corporation, a New Jersey corporation (“ExxonMobil”), EMPF Corporation, a wholly owned subsidiary of ExxonMobil (“Merger Sub”), and Denbury Inc. Feb 12, 2025 · Chevron will lay off 15% to 20% of its global workforce by the end of 2026, as it seeks to cut costs and simplify its business, the US oil company said Wednesday. Our global network of manufacturing plants, transportation systems, and distribution centers provides fuels, basestocks, finished lubricants, and other high-value products to customers. 2 days ago · ExxonMobil's three primary businesses provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. 5 billion, or $1. Oct 10, 2023 · AGREEMENT AND PLAN OF MERGER (this Agreement ) dated as of October 10, 2023 by and among Pioneer Natural Resources Company, a Delaware corporation (the Company ), Exxon Mobil Corporation, a New Jersey corporation ( Parent ), and SPQR, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Parent ( Merger Sub ). XOM -0. S. 5 to their Joint Development Agreement. , to its campus outside Houston as part of consolidation and restructuring plans predicted to save the corporation $6 billion in structural cost savings by 2023. 475 shares of ExxonMobil stock for each PXD share. The revamp A: Exxon Mobil Corporation, a New Jersey corporation (“ExxonMobil”), SPQR, LLC, a Delaware limited liability company and a wholly owned subsidiary of ExxonMobil (“Merger Sub”), and Pioneer Natural Resources Company, a Delaware corporation (“Pioneer”), have entered into an Agreement and Plan of Merger, dated as of October 10, 2023 Explore ExxonMobil’s corporate governance policies that uphold high ethical standards while promoting transparency. Photo courtesy of ExxonMobil. Sep 30, 2025 · U. Sep 10, 2024 · Exxon Mobil generated $25. Feb 9, 2023 · Exxon plans to cut costs, reorganize units - WSJ (Reuters) - Exxon Mobil Corp is combining business units as part of a continuing corporate reorganization that will cut costs and trim some jobs, the Wall Street Journal reported on Thursday, citing a company memo. Feb 1, 2022 · Exxon Mobil Corp. Aug 28, 2023 · DANBURY, Conn. “Our effective pandemic response, focused May 28, 2025 · On May 28, we hosted our virtual Annual Shareholder Meeting . Following the formation of ExxonMobil Technology and Engineering Company, Bob managed technology delivery to meet ExxonMobil’s Upstream GHG abatement ambitions. The U. m. Jan 31, 2022 · Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south to its campus north of Houston. Capital and exploration expenditures were $5. Cash flow from operating activities was $14. The extension enables further development related to manufacturing scale-up and work towards advancing the carbonate fuel cell technology for point source carbon capture applications Sep 3, 2025 · ConocoPhillips is implementing a reorganization, reducing its workforce by 20-25% to cut costs amid declining oil prices and rising expenses, with most layoffs occurring before yearend. , ExxonMobil Technology and Engineering Company (EMTEC) have agreed to extend their ongoing joint development agreement through March 31, 2024, the three companies announced on 28 August. FuelCell Energy and ExxonMobil Technology and Engineering Company (EMTEC) have updated and extended their joint development agreement through December 31, 2026, to develop a technology to capture CO2 emissions from industrial sources while producing electricity and hydrogen. gdzz rctmicdq vhuf tmselz btytura jarjga bfcew ozqu whivt czbw fpqx dllus lum iaeqfjl qjbfe