IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) announced today 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 Jan. 1, 2018.
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Exxon Is Drilling Some Long Horizontal Shale Oil Wells
Exxon recently completed “Bakken” wells in North Dakota that extend 3 miles. Exxon The world’s biggest oil explorer by market value finished four wells in North Dakota’s Bakken region that extends horizontally for 3 miles (4.8 kilometers), Barclays Plc analyst Paul Cheng said in a research note after meeting Exxon executives, it’s closing in on the 4-mile mark. Read more