Exxon Unveils New Trading Division To Compete With Shell And BP ...Middle East

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Exxon Unveils New Trading Division To Compete With Shell And BP
source : OILPRICE ( Middle East ) () 22
Exxon Mobil shares are rebounding back towards record highs this morning after The Wall Street Journal reports that the giant energy company will be combining business units as part of a continuing corporate reorganization that will cut costs and trim some jobs. After recently posting a record profit in 2022 (and facing wrath of The White House), the US oil company will, according to a memo sent to employees, form three new organizations under which it will wed several smaller units later this year such as its financial-services, procurement and…

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