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Exxon Moving Corporate Headquarters to Houston

Posted on 1/31/22 at 5:24 pm
Posted by ragincajun03
Member since Nov 2007
27323 posts
Posted on 1/31/22 at 5:24 pm
quote:

HOUSTON — ExxonMobil announced Monday that it is moving its corporate headquarters from Irving to their campus north of Houston.

The announcement is part of the company’s plan to further streamline its business structure by combining chemical and downstream companies and centralizing technology and engineering.

ExxonMobil said the move from Irving to the Houston area will be completed mid-year 2023.

“We greatly value our long history in Irving and appreciate the strong ties we have developed in the North Texas community,” Darren Woods, chairman and chief executive officer, said. “Closer collaboration and the new streamlined business model will enable the company to grow shareholder value and position ExxonMobil for success through the energy transition.”

According to the release, effective April 1, the company will be organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions. They will be supported by a single technology organization, ExxonMobil Technology and Engineering.


quote:

Hirs said a bulk of the company's staff had already made the move to the area several years ago when they built the campus.

"In the big scheme of things, there’s not going to be any impact, really. Any impact will be internal to ExxonMobil with perhaps a great collegiality and camaraderie with the corporation.

While the move won’t change how much you pay at the pump, Hirs said having everyone under the same roof is good for business.

According to the release, ExxonMobil is on track to exceed $6 billion in structural cost savings by 2023, compared to 2019, driven by savings from the new business structure and measures such as centralizing procurement, digital transformation of processes, and right-sizing programs that were announced in 2020.

“Our transformed business structure enables us to more fully leverage the corporation’s scale, integration, technology advantages, and the skills and capabilities of our talented workforce, to better serve our customers,” Woods said.


LINK
Posted by dewster
Chicago
Member since Aug 2006
26385 posts
Posted on 1/31/22 at 5:25 pm to
I thought was announced 5 years ago when they opened that Spring campus?

It's a really pretty corporate office BTW. Looks very nice, and it's huge because they always intended to consolidate everything there.





This post was edited on 1/31/22 at 5:28 pm
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 1/31/22 at 5:28 pm to

Used to work across the hwy for years at the CaremarkPCS/CVS joint. That Exxon campus is some prime real estate. Big.
Posted by jclem11
Chief Nihilist
Member since Nov 2011
9539 posts
Posted on 1/31/22 at 5:31 pm to
oh noZ Dallas bros!!!!!!111
Posted by dewster
Chicago
Member since Aug 2006
26385 posts
Posted on 1/31/22 at 5:32 pm to
HPE is moving from California to Spring as well. IIRC, it's pretty close to Exxon's new campus.
Posted by ragincajun03
Member since Nov 2007
27323 posts
Posted on 1/31/22 at 5:34 pm to
I think they now intend to bring into that campus not only the executive folks and staff that were still in Dallas, but their XTO folks as well.
Posted by member12
Bob's Country Bunker
Member since May 2008
33036 posts
Posted on 1/31/22 at 5:36 pm to
quote:

I think they now intend to bring into that campus not only the executive folks and staff that were still in Dallas, but their XTO folks as well.



I think the last of the XTO folks moved to Spring last year.
Posted by CypressTrout10
Louisiana
Member since Jun 2016
3122 posts
Posted on 1/31/22 at 5:38 pm to
If they can get the stock up to $100, I’ll be sitting pretty
Posted by FlyinTiger93
Member since May 2010
3724 posts
Posted on 1/31/22 at 5:41 pm to
This has been claimed before, but ended up just swapping employees between the 2 locations. If it does happen, my home value is the moonshot my crypto has yet to become.
Posted by ragincajun03
Member since Nov 2007
27323 posts
Posted on 1/31/22 at 5:42 pm to
quote:

I think the last of the XTO folks moved to Spring last year.


Ahh…thanks for the clarification.

Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
8868 posts
Posted on 1/31/22 at 5:48 pm to
It’s a nice place , but has a 1984 feel to it. After you check in with about a gazillion security questions, The speed limit is like 13 MPH or something weird like that. If you go 14, they take a picture of your license plate and auto email your meeting organizer. If it happens twice , the VP of the meeting organizer’s division gets an email

Also, no simply opening the door. Your escort has to individually scan everyone through a revolving door one by one. If you speed up or slow down and the door hits you, it’s locks you in for a set time.

Again, nice campus but a lot of Big Brother Is Watching You. At least that’s what I heard.
Posted by tylercsbn9
Cypress, TX
Member since Feb 2004
66562 posts
Posted on 1/31/22 at 5:58 pm to
quote:

HPE is moving from California to Spring as well. IIRC, it's pretty close to Exxon's new campus.


Yes

HP inc is there too

But not their hq
Posted by Adam Banks
District 5
Member since Sep 2009
36361 posts
Posted on 1/31/22 at 5:59 pm to
Sounds like Exxon tossed in their vote in the Houston vs Dallas vs Austin vs San Antonio debate
Posted by man in the stadium
Member since Aug 2006
1439 posts
Posted on 1/31/22 at 6:02 pm to
quote:

t’s a nice place , but has a 1984 feel to it. After you check in with about a gazillion security questions, The speed limit is like 13 MPH or something weird like that. If you go 14, they take a picture of your license plate and auto email your meeting organizer. If it happens twice , the VP of the meeting organizer’s division gets an email

Also, no simply opening the door. Your escort has to individually scan everyone through a revolving door one by one. If you speed up or slow down and the door hits you, it’s locks you in for a set time.

Again, nice campus but a lot of Big Brother Is Watching You. At least that’s what I heard.


I can confirm this is all true. I've run into that damn revolving door thing more than once.

One also must "pull over" to look at your cell phone while walking. No walking down halls or sidewalks and looking at phone just like driving rules.

On top of that, most of the rank and file get the shitty open-office style waist high cubes or standing desks with 0 privacy.

Its fascinating for a visit but gets old fast.
Posted by ChestRockwell
In the heart of horse country
Member since Jul 2021
6911 posts
Posted on 1/31/22 at 6:06 pm to
Bye bye Ewing oil?
Posted by Klark Kent
Houston via BR
Member since Jan 2008
73007 posts
Posted on 1/31/22 at 6:43 pm to
quote:

can confirm this is all true. I've run into that damn revolving door thing more than once. One also must "pull over" to look at your cell phone while walking. No walking down halls or sidewalks and looking at phone just like driving rules. On top of that, most of the rank and file get the shitty open-office style waist high cubes or standing desks with 0 privacy. Its fascinating for a visit but gets old fast


disgruntled ex-employee or contractor?
Posted by Rhino5
Atlanta
Member since Nov 2014
30790 posts
Posted on 1/31/22 at 6:51 pm to
All the O&G companies are gonna be broke as frick with electric cars taking the road.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
73007 posts
Posted on 1/31/22 at 6:52 pm to
Posted by Upperdecker
St. George, LA
Member since Nov 2014
32676 posts
Posted on 1/31/22 at 7:04 pm to
quote:

It’s a nice place , but has a 1984 feel to it.

That’s the entire company. Exxon generally speaking has a terrible company culture from top down
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 1/31/22 at 7:08 pm to
quote:

All the O&G companies are gonna be broke as frick with electric cars taking the road.


Because the only thing made from oil is gasoline. O&G is not going anywheres.
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