Chevron realigns natural gas, midstream business
The new gas and midstream organization will be effective June 1, 2013. Until now, Chevron's downstream unit oversaw the company's trading operations for crude oil and refined products, while the gas and midstream business was responsible for Chevron's natural gas and LNG trading operations.
Chevron is realigning its business by consolidating the
company's supply and trading functions into a single supply and
trading group within its gas and midstream organization,
the company said on Thursday.
Until now, Chevron's downstream organization oversaw the
company's trading operations for crude oil and refined
products, while the 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 CEO John Watson.
Watson said that Joseph C. (Joe) Geagea, 53, will lead the new
organization and retain his title as corporate vice president
and president for Chevron Gas and Midstream.
In addition to supply and trading, Geagea will continue to be
responsible for shipping, pipeline, power and gas
commercialization operations. Geagea will report to Watson in
his expanded role effective immediately.
The new gas and midstream organization will be effective June
"Joe's enterprise-wide experience makes him well qualified to
lead this organization," said Watson.
Geagea joined Chevron in 1982. Following the Chevron and Texaco
merger in 2001, Geagea led the integration of the two companies'