@XOM Reorg and HQ move

[4WD]

ExxonMobil Streamlines Structure to Enhance Effectiveness, Grow Value, Reduce Costs

ExxonMobil said today it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and

www.businesswire.com

 

[JohnnyG]

Glad I own some.

 

[JHZR2]

Thought they were formally headquartered in Fairfax, VA.

 

[4WD]

Thought they were formally headquartered in Fairfax, VA.

Mobil was - and after the XOM merger they ran downstream from there - that was very prime real estate tucked away in the woods - yet near DC … so it was an opportunity to sell & bank some money while ultimately folks would be on the (almost 400 acre) Houston campus …

Was reading the Houston (California) Chronicle - they are even writing positive articles …
Recently they picked up some odd lease acreage along the gulf coast - some speculation that’s it’s part of the carbon capture (physical) plan …

 

[4WD]

Houston Campus | ExxonMobil

ExxonMobil's state-of-the-art campus north of Houston serves as home to its Upstream, Downstream, Chemicals and XTO Energy companies and their associated service groups.

corporate.exxonmobil.com

 

[loneryder]

Mobil was - and after the XOM merger they ran downstream from there - that was very prime real estate tucked away in the woods - yet near DC … so it was an opportunity to sell & bank some money while ultimately folks would be on the (almost 400 acre) Houston campus …

Was reading the Houston (California) Chronicle - they are even writing positive articles …
Recently they picked up some odd lease acreage along the gulf coast - some speculation that’s it’s part of the carbon capture (physical) plan …

The old Mobil HQ is now a hospital but they aren't using all the buildings yet.

 

[Escape08]

What??? reduced cost? Majority of the O&G employees are now working at home (remote). So they save a lot in water bills, electric bills, Cafeteria snacks, wear & tear in office supplies, etc. Also, 40% of their workforce are contractors.