ExxonMobil to Merge Refining and Marketing Divisions, Names Milton President
December 01 2017 - 4:00PM
Business Wire
Exxon Mobil Corporation (NYSE:XOM) announced today it will
combine its refining and marketing operations into a single
company, ExxonMobil Fuels & Lubricants Company, in the first
quarter of 2018. Bryan Milton, currently president of ExxonMobil
Fuels, Lubricants & Specialties Marketing Company, has been
appointed president of the combined division by ExxonMobil’s board
of directors, effective Jan. 1, 2018.
By combining activities of the two divisions – ExxonMobil
Refining and Supply Company and ExxonMobil Fuels, Lubricants &
Specialties Marketing Company – the company will achieve further
integration to improve decision making and enhance performance in
the market. The improvements will help the company to better
respond to the needs of its customers and compete more
effectively.
ExxonMobil Fuels & Lubricants Company, along with ExxonMobil
affiliates, will manage crude purchasing and logistics, refining,
supply, trading, midstream, marketing and sales of refined
products.
Milton, 53, joined Exxon Chemical in 1986 at Fawley in the U.K.,
where he worked in various plant and developmental engineering
roles, including assignments as operations manager and as plant
manager. He also spent time in upstream natural gas commercial
sales. He previously held various leadership positions within
ExxonMobil Chemical Company in Houston and in 2004 was named
managing director for ExxonMobil Aviation fuels, based in the
U.K.
Milton was appointed manager of the Baton Rouge chemical plant
in 2006, and in 2008 he was assigned executive assistant to the
chairman and chief executive officer of Exxon Mobil Corporation. In
2009, he was appointed vice president of Basic Chemicals for
ExxonMobil Chemical Company. Before his current role, Milton was
president of ExxonMobil Global Services Company.
Milton was appointed to his current position in 2016.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil.
Cautionary Statement: Statements of future events or
conditions in this release are forward-looking statements. Actual
future results, efficiency improvements, integration benefits and
performance enhancements, could differ materially due to changes in
market conditions affecting the oil, gas and petrochemical
industries or long-term price levels for oil, gas, refined products
and petrochemicals; political and regulatory developments including
changes in environmental laws and regulations; the ability to
implement operating and management improvements as planned; the
actions of competitors; the outcome of commercial negotiations; and
other factors discussed in this release and under the heading
“Factors Affecting Future Results” on the Investors page of
ExxonMobil’s website at www.exxonmobil.com and in Item 1A of
ExxonMobil’s most recent Form 10-K. Forward-looking statements in
this release are based on management’s information and belief at
the time of this release and we assume no duty to update these
statements as of any future date. This release is not intended to
override the corporate separateness of various entities, including
subsidiaries and other affiliates.
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