Exxon Mobil Corporation announced a major reorganization to centralize its operations into a new entity, ExxonMobil Global Operations, effective in 2026. The restructuring will consolidate operations supporting Product Solutions, Low Carbon Solutions, and Upstream businesses. Jon M. Gibbs will be promoted to Senior President of ExxonMobil Global Operations, while Staale Gjervik will take over as President of ExxonMobil Global Projects Company. CEO Darren W. Woods emphasized the company’s commitment to execution excellence. This restructuring is part of ExxonMobil’s ongoing organizational transformation to enhance efficiency, integration, and support its low-carbon strategy. ExxonMobil continues to advance its 2030 targets for emissions reduction.

Read more at Yahoo Finance: ExxonMobil Names Jon Gibbs to Lead New Global Operations Division