Exxon Mobil Corp. is streamlining its North American research and technology operations by consolidating them into a single hub located at its headquarters in Houston. This move will result in the closure of campuses in Clinton, New Jersey, and Sarnia in Ontario, impacting about 700 employees. The transitions will be carried out in phases and are expected to be completed by 2028.
The decision to consolidate the research and technology hubs is aimed at enhancing the company’s ability to develop and commercialize cutting-edge technology more effectively. According to Exxon spokeswoman Emily Mir, this move will help expand research capabilities and provide a solid foundation for future growth.
Over the past four years, Exxon has been focused on streamlining its operations by consolidating business divisions, divesting assets, and reducing its workforce as part of a cost-cutting plan to save $15 billion by 2027 compared to 2019. The company has made significant progress towards achieving this target and aims to further optimize its operations through this consolidation.
The Clinton campus was home to the Exxon Mobil Research and Engineering division, which has been instrumental in developing many of the oil giant’s patented products over the years. It also played a key role in climate research during the 1970s and 1980s. The consolidation of research and technology hubs will allow Exxon to align its resources more effectively and drive innovation in the energy sector.
