Exxon Mobil Corp. has announced plans to consolidate its North American research and technology operations into a single hub located at its Houston headquarters. This decision will result in the closure of campuses in Clinton, New Jersey, and Sarnia in Ontario. About 700 employees will be affected by these closures, with the majority of them being offered roles in Houston.
As part of this relocation, Exxon Mobil Research and Engineering division, which was responsible for developing many of the company’s patented products over several decades, will move from its Clinton campus to Houston. The campus also played a significant role in climate research during the 1970s and 1980s. This consolidation of research and technology operations in Houston marks a strategic shift for Exxon as it aims to optimize its operations and drive future innovation.
Exxon spokeswoman Emily Mir stated that the moves will be carried out in phases and will be fully completed by 2028. She expressed that this relocation will enhance their research capabilities and establish a solid foundation for future growth. The company believes that by co-locating its North American technology organizations with its business lines in Houston, it will be able to more effectively develop and commercialize innovative technology.
This decision is part of the company’s ongoing efforts to streamline its business divisions for cost savings. Exxon has been working towards cutting costs by $15 billion by 2027 compared to 2019 levels, with two-thirds of this target already achieved as of now. Mir emphasized that these cuts are necessary for the company to remain competitive and sustainable in today’s market conditions.
In conclusion, this consolidation of research and technology operations marks an important milestone for Exxon Mobil as it continues to optimize its operations and drive innovation through strategic partnerships across North America.
