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l_winthorpe

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l_winthorpe

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Wednesday, 01/03/2018 2:12:05 PM

Wednesday, January 03, 2018 2:12:05 PM

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The downstream businesses of Exxon have been the key reason it does well during slow times for the industry, as it offsets much of the decline in oil and gas prices. It also weighs on the company during periods of growth, causing Exxon to usually underperform against its peers.
To mitigate some of that, CEO Darren Woods decided to merge its Exxon Mobil Refining and Supply Company and Exxon Mobil Fuels, Lubricants & Specialties Marketing Company, into a new unit called Exxon Mobil Fuels & Lubricants Company.

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