Prime Highlights:

• ExxonMobil is reorganizing its European operations, centralizing employees at key locations to improve efficiency, competitiveness, and future growth.
• A new purpose-built office and European Technology Centrewill be established at the Antwerp refinery in Belgium, reinforcing the company’s commitment to technology and innovation in Europe.

Key Facts:

• Since 2010, ExxonMobil has invested over €20 billion in Europe, showing a long-term commitment to the region.
• The reorganization is expected to affect the workforce, with approximately 1,200 positions impacted across the EU and Norway by 2027, including around 600 redundancies.

Key Background:

ExxonMobil is starting the next phase of its business transformation in Europe. The company will centralize most of its EU employees at key locations to improve efficiency, competitiveness, and shareholder value.

Under this strategy, ExxonMobil will construct a new office at the Antwerp refinery in Belgium, uniting most of the employees based in Brussels. There will also be a new European technology centre at the site, indicating that the company is focused on technology and future expansion in Europe.

In Europe, ExxonMobil will shift its office and remote workers closer to its manufacturing facilities, such as in Germany and Italy, and in the meantime, will be shutting down smaller offices. This will bring more efficiency to operations and enable employees to work in a better way.

Since 2010, ExxonMobil has invested over €20 billion in Europe, highlighting its long-term commitment. Nonetheless, the regulations and compliance costs are complex and more difficult to entice new investments in compared to other parts of the world. ExxonMobil has been actively engaging with policymakers on these issues.

ExxonMobil Europe President Philippe Ducom commented: “We’re proud of our 135-year history in Europe. The European market is important to us, and we will continue to have a meaningful presence here. The business and regulatory environment in Europe is challenging, and this transformation will help us compete in the future.”

The proposed reorganization is expected to impact the workforce, with around 1,200 positions affected across the EU and Norway by the end of 2027, including approximately 600 redundancies. The company currently employs around 7,000 people in the region, not including France, where a separate divestment will happen later this year.

The impact in each country will depend on local business needs and market conditions, following the required consultation processes. ExxonMobil says these changes are part of its global strategy to support future growth and competitiveness.

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