Leadership changes at Exxon Mobil

Leadership changes at ExxonMobil

What’s happening:

• Liam Mallon retiring as Upstream president (Feb 2025)

• Dan Ammann is moving from Low Carbon Solutions to lead Upstream

• Barry Engle appointed as new Low Carbon Solutions president

Why it matters: The shuffle impacts two key divisions: traditional oil/gas operations and the growing low-carbon business.

The players:

• Ammann: Joined 2022, ex-CEO of Cruise and GM president

• Engle: Joined Sep 2024, former GM North America president

• Mallon: 33+ year veteran since 1990

What's next: Changes effective January-February 2025 as ExxonMobil pursues both traditional energy and emissions reduction goals, targeting net-zero-operated emissions by 2050. Read more here 

Shell is building a major new pipeline in the Gulf of Mexico

Why it matters: Shell is building a major new pipeline in the Gulf of Mexico, expanding its oil transport capabilities and supporting BP's new Kaskida project.

The big picture: The Rome Pipeline will connect Shell's Green Canyon hub to Louisiana's coast, spanning 100 miles and targeting operations by 2028.

Key details:

• Shell announced the final investment decision for the project

• BP signed a deal to transport 100% of Kaskida project's oil through the pipeline

• The pipeline will run alongside existing corridors

• Shell operates ~3,000 miles of pipeline in Louisiana and Gulf waters

What's next: The project awaits regulatory approvals before the planned 2028 startup.

Cool visuals

See you next week,

Patrick.
https://x.com/Tejanobrown/status/1679664444282904576