Exxon restructures divisions and packs up for Houston NEW YORK (AP) — Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston. The oil giant said Monday it will combine its chemical and refining operations, while centralizing its technology and engineering and other other support …

IRVING, Texas – ExxonMobil said today said it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic. Capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion. …