Key facts
- Alex Volkov is expected to be appointed as Exxon Mobil's new head of global trading.
- Volkov has nearly 30 years of experience with Exxon Mobil in various roles across the U.S., Russia, and London.
Exxon Mobil is set to appoint Alex Volkov as its new head of global trading, according to two sources familiar with the matter. Volkov, who has nearly three decades of experience at Exxon, will take over from Tracey Gunnlaugsson, who is reportedly retiring.
The appointment of a new head of global trading at a major energy company like Exxon Mobil can influence its trading strategies and market positioning, particularly amid volatile energy prices and geopolitical events impacting supply.
Exxon Mobil is reportedly preparing to appoint Alex Volkov as the new head of its global trading division, according to sources familiar with the matter. Volkov, who has spent nearly three decades at the energy giant in various international roles, is expected to succeed Tracey Gunnlaugsson, who has led the division since 2023 and is reportedly retiring.
David Brown, an international crude trader at Exxon Mobil, is also set to retire, sources said. The leadership changes come as Exxon Mobil reported a $3.9 billion paper loss from derivatives in the first quarter, contributing to its lowest net income in five years. This contrasts with European oil majors that have built substantial trading desks and profited from recent energy market volatility.
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