WSJ News Exclusive | Exxon Considers Leasing, Selling Unused Office Space at Houston Campus

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WSJ News Exclusive | Exxon Considers Leasing, Selling Unused Office Space at Houston Campus
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Exxon is considering leasing or selling unused office space at the sprawling Houston-area campus set to become its global headquarters next year

Major oil company uses less than half of available space at campus poised to become global headquarters next year, memo saysBrandon Thibodeaux for The Wall Street Journalunused office space

at the sprawling Houston-area campus set to become its global headquarters next year, part of its ongoing effort to cut billions in structural costs. In recent months, the U.S. oil giant has found that on a typical day it uses less than 50% of the available space at its 385-acre campus, which is large enough to house more than 10,000 workers, according to an internal memo viewed by The Wall Street Journal. Exxon spokesman Casey Norton confirmed the company is considering options for unused space.

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