Exxon merged its refining and marketing


© Reuters. EXXON MERGED ITS REFINING AND MARKETING

(Reuters) – Exxon Mobil (NYSE:XOM) announced on Friday to merge its refining and marketing, within the framework of the reorganization of its activities, as decided by its general director Darren Woods, on a background of volatile prices of oil and gas.

The oil group said that the merger would be effective in the first quarter of 2018, and that Bryan Milton would lead this new entity called ExxonMobil Fuels &Lubricants Co.

Bryan Milton, who works for Exxon since 1986, is currently president of ExxonMobil Fuels, Lubricants & Specialties Marketing Co.

Darren Woods was succeeded in January to Rex Tillerson, who became secretary of State the authority to Trump.

(Ankit Ajmera in Bangalore; Catherine Mallebay-Vacqueur for the French service)

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