Chevron Corporation said that it will realign its Gas and Midstream business by consolidating the company’s supply and trading functions into a single supply and trading group within Chevron’s Gas and Midstream organization.
Until now, Chevron’s Downstream organization oversaw the company’s trading operations for crude oil and refined products, while the company’s Gas and Midstream business was responsible for Chevron’s natural gas and liquefied natural gas trading operations.
“These changes will more tightly integrate our supply and trading activities and allow our Gas and Midstream organization to create value across our upstream and downstream assets,” said Chevron Chairman and CEO John Watson.
Joseph C. Geagea will now lead the new organization and retain his title as corporate vice president and president, Chevron Gas and Midstream. In addition to supply and trading, Geagea will continue to be responsible for the company’s shipping, pipeline, power and gas commercialization operations. The new Gas and Midstream organization will be effective June 1, 2013.