ExxonMobil Combines Refining and Marketing Divisions

ExxonMobil Corporation (XOM) said that 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 1 Jan 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 UK, 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 UK. Milton was appointed to his current position in 2016.