Exxon Mobil Corp. will shrink its UK headcount by about 250 positions as the Texas oil giant consolidates its operations in the country.
Exxon’s longtime Leatherhead office south of London is due to shut in 2026 and employees at that site who will remain at the energy major are expected to relocate to Exxon’s refinery and petrochemical complex in Fawley, according to a statement from the company on Wednesday.
Amid this consolidation of its UK operations, Exxon will continue to hire new people at its London trading hub, which the firm has been trying to expand.
“The UK is an important country for Exxon Mobil,” according to the statement. “We are investing in strong businesses, including growing our London Trading hub and revitalizing our Fawley Petrochemical Complex. We will continue to have a meaningful presence in the country.”
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