Chevron Corporation announced 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. The new Gas and Midstream organization will be effective June 1, 2013.

The company also announced that Joseph C. (Joe) Geagea will 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. Geagea will report to Watson in his expanded role effective immediately. Geagea joined Chevron in 1982. Since the early 1990s, he has held a variety of executive and management positions in both the upstream and downstream operations of the company. Previously, Geagea was managing director, Chevron Asia South Ltd., Chevron Asia Pacific Exploration and Production Company.