Chevron Corp. (NYSE: CVX) plans to 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.

Joseph C. “Joe” Geagea will lead the new organization and retain his title as corporate vice president and president of 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. The new gas and midstream organization will be effective June 1.

According to the release, 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 of Chevron Asia South Ltd., Chevron Asia Pacific E&P Co. Earlier, he was vice president of upstream capability, Chevron International E&P Co. He also served as president of fuel and marine marketing and as president of the company's downstream operations in East Africa, the Middle East and Pakistan. Following the Chevron and Texaco merger in 2001, Geagea led the integration of the two companies' downstream operations.

Chevron is an integrated energy company with subsidiaries that conduct business worldwide. Chevron is based in San Ramon, Calif.