The board of directors will elect Suzanne McCarron to replace him, the company added. McCarron is currently general manager of public and government affairs, and president of ExxonMobil Foundation.
Last quarter, Exxon executives said they valued being at the top of the ratings scale as a sign of superior business management amid the drop in oil prices, Reuters reported.
Office was linked to oil project in Araz-Alov-Sharg oil fields in Caspian Sea. A decision, yet to be made, on sea’s status between Azerbaijan and Iran, determines the project, Reuters said.