ExxonMobil to Merge Refining and Marketing Divisions, Names Milton President

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171201005715/en/

News by QuoteMedia

www.quotemedia.com