Consumer groups voice opposition to Exxon-Mobil merger

10/25/1999
Although the merger of Exxon Corp. and Mobil Corp. is widely expected to clear the final hurdle of US Federal Trade Commission approval at any time, not all observers view the transaction as beneficial. Last week, two consumer groups held a press conference in Washington, DC, to voice their opposition to the merger. Ultraliberal Sen. Paul Wellstone (D-Minn.) appeared on their behalf, saying the oil industry is setting a pattern of consolidations that ultimately will leave only a few "megacompanies.""If Exxon Mobil were a country, it would have the 18th largest economy in the world," he said. "Time has shown that one merger begets another. If this one is approved, more will follow. FTC nee...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected