OGJ Newsletter

Scoreboard Due to a holiday in the U.S., data for this week's Industry Scoreboard are not available. Industry consolidation has taken a step forward and one backward. Shareholders of Exxon and Mobil have okayed the companies' planned $82 billion merger, leaving regulatory approval in the U.S. and Europe as the final hurdles. Individual owners cast their ballots overwhelmingly in favor of the marriage, with 99% of Exxon's voting shareholders and 98% of Mobil's endorsing the deal. Industry analysts are generally confident that regulatory approval will not be a stumbling block for the planned merger. Meanwhile, Chevron has revealed that Texaco terminat...

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