Exxonmobil says that effective April 1, the company will be organized into three business segments

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Exxonmobil says that effective April 1, the company will be organized into three business segments

Published: 01/31/2022 17:09 GMT
Exxon Mobil Corp. (XOM) – Exxonmobil is streamlining the structure to improve efficiency, increase value and reduce costs.
Exxonmobil – Combines chemical and downstream businesses, centralizes technology and engineering and key service organizations.
Exxonmobil – Effective April 1, the company will be organized into three business segments.
Exxonmobil – continues its continuous efforts to take full advantage of its competitive advantages.
Exxonmobil – Karen Mckee, formerly president of Exxonmobil Chemical Company, has been appointed to lead Exxonmobil’s product solutions.
Exxonmobil – Co will be organized into business segments – Exxonmobil Upstream Company, Exxonmobil Product Solutions and Exxonmobil Low Carbon Solutions.
Exxonmobil – Exxonmobil is on track to exceed $6 billion in structural cost savings by 2023, compared to 2019.
Exxonmobil – Karen Mckee, formerly president of Exxonmobil Chemical Company, has been appointed to lead Exxonmobil’s product solutions.
Exxonmobil – The change will also consolidate the Upstream into a single organization, Exxonmobil Upstream Company, which will be led by Liam Mallon.
Exxonmobil – Linda Ducharme has been appointed head of Exxonmobil’s technology and engineering company.
Exxonmobil – The change will also consolidate the Upstream into a single organization, Exxonmobil Upstream Company, which will be led by Liam Mallon.
Exxonmobil – will relocate its headquarters from Irving, Texas to its campus north of Houston.
Income should be $83.37 billion
Adjusted EPS should be $1.80

Revenue forecast for the next quarter expected to be $76.63 billion
Next quarter EPS guidance should be $1.68

More details on our Analysts page.

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