ExxonMobil announced Monday it will streamline its business structure into three categories to support the company’s goals to lead the industry in cash flow growth, operating performance, and the energy transition.

The new categories effective 1 April are ExxonMobil Upstream Company, ExxonMobil Product Solutions, and ExxonMobil Low Carbon Solutions.

Through its restructuring, the US supermajor will merge its chemical and downstream companies into its Product Solutions company, headed by Karen McKee, who previously ran the Chemicals Company.

The three main companies will be supported by ExxonMobil Technology and Engineering as the single technology organisation.