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Exxon to cut 2,000 jobs as oil sector workforce reductions accelerate

Exxon had nine functional companies that operated relatively independently from one another when Woods took over in 2017, creating layers of bureaucracy and duplication of support services. The company now has three main divisions — production, refining and low-carbon — all of which share services like engineering, IT and project management.

Exxon Looks Into European Asset Sale

Exxon has been increasingly vocal in its criticism of European Union energy policies. In its latest Global Outlook, the supermajor dedicated a special section to Europe, calling it “Lessons from Europe” and detailing the EU’s path from a competitive business region to a place notorious for its red tape and energy prices, plus a disgruntled population.

ExxonMobil, Cerebre collaborate to advance Exxon’s Foundational Digital Backbone

The corporation’s primary businesses – Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in the United States.

Too Big to Merge? Exxon and Chevron Might Think So

Earlier this week, Chevron completed its acquisition of Hess Corp. It was one of the largest deals in the oil and gas space in recent history, after Exxon’s takeover of Pioneer Natural Resources, finalized in 2024. With that out of the way, the question begs to be asked: could the two U.S. giants strike a deal to create a single, much bigger giant?