{"id":2034,"date":"2017-12-02T19:43:23","date_gmt":"2017-12-02T20:43:23","guid":{"rendered":"https:\/\/madaresharghi.com\/exxon-merging-downstream-divisions-to-increase-profit\/"},"modified":"2017-12-02T19:43:23","modified_gmt":"2017-12-02T20:43:23","slug":"exxon-merging-downstream-divisions-to-increase-profit","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/exxon-merging-downstream-divisions-to-increase-profit\/","title":{"rendered":"Exxon Merging Downstream Divisions to Increase Profit"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tExxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring under its chief executive, Darren Woods.<br \/> \tNeil Chapman, the head of its global chemicals operations, was named to the company\u2019s management committee, a board-elected panel that typically serves as a stepping stone for future chief executives, Exxon said on Friday, Reuters reported.<br \/> \tChapman, 55, joins CEO Woods and four other senior vice presidents on the committee, which oversees the company\u2019s global operations. The president of ExxonMobil Chemical Company was also promoted to corporate senior vice president.<br \/> \tThe merger of the world\u2019s largest publicly-traded oil producer\u2019s refining and marketing operations will take place in the first quarter, the company said.<br \/> \tBryan Milton, 53, president of Exxon\u2019s fuels, lubricants &#038; specialties marketing business, was named president of the new ExxonMobil Fuels &#038; Lubricants Company effective Jan. 1.<br \/> \tDennis Wascom, president of Exxon\u2019s refining and supply subsidiary, will become vice president of operational excellence, safety, security, health and environment, said Exxon Spokesman Scott Silvestri.\u00a0 Woods took over the top job in January after former chief Rex Tillerson resigned to become US secretary of state.<br \/> \tThe merging of refining, lubricants and marketing is the first major move by Woods since replacing Tillerson and is in the company\u2019s downstream operations, which he used to lead before taking over as CEO.<br \/> \tThe reorganization aims to squeeze more profits from the fuel and lubricant businesses, as the company works to improve its exploration and production operation, which have struggled since 2014 to adjust to lower oil and gas prices.<br \/> \tThe company\u2019s downstream sector has grown in prominence since Woods took over leadership of Exxon.<br \/> \tThe changes come as Exxon expands its refining division. The company is investing $20 billion through 2022 to expand its chemical and oil refining plants on the US Gulf Coast.<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring under its chief executive, Darren Woods. Neil Chapman, the head of its global chemicals operations, was named to the company\u2019s management committee, a board-elected panel that typically serves as a stepping stone for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exxon Merging Downstream Divisions to Increase Profit - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/exxon-merging-downstream-divisions-to-increase-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exxon Merging Downstream Divisions to Increase Profit - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Exxon Mobil Corp is merging its refining and marketing divisions to boost profits from its downstream businesses, the first major restructuring under its chief executive, Darren Woods. Neil Chapman, the head of its global chemicals operations, was named to the company\u2019s management committee, a board-elected panel that typically serves as a stepping stone for [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/exxon-merging-downstream-divisions-to-increase-profit\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-02T20:43:23+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/exxon-merging-downstream-divisions-to-increase-profit\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/exxon-merging-downstream-divisions-to-increase-profit\/\",\"name\":\"Exxon Merging Downstream Divisions to Increase Profit - madaresharghi | An Analytical Look at Middle Eastern Developments\",\"isPartOf\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\"},\"datePublished\":\"2017-12-02T20:43:23+00:00\",\"dateModified\":\"2017-12-02T20:43:23+00:00\",\"author\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/madaresharghi.ir\/en\/exxon-merging-downstream-divisions-to-increase-profit\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\",\"name\":\"administrator\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/901309319175b0d219e688b01909d220?s=96&d=mm&r=g\",\"caption\":\"administrator\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/2034"}],"collection":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/comments?post=2034"}],"version-history":[{"count":0,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/2034\/revisions"}],"wp:attachment":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/media?parent=2034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/categories?post=2034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/tags?post=2034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}