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...Both deals are on a scale rarely seen since the megamergers of the late 1990s and early 2000s — BP-Amoco, Exxon-Mobil and Chevron-Texaco — that formed the modern supermajors....
...The purchase of Pioneer, which was founded by chief executive Scott Sheffield in 1997, is the group’s biggest acquisition since it was formed through the merger of Exxon and Mobil in 1999....
...Another oil mega-deal Orcel’s dealmaking strategy at UniCredit The corporate drama at Atos The Big Oil ‘arms race’ has begun A string of massive deals in the late 1990s and early 2000s — BP-Amoco, Exxon-Mobil...
Headlines include Goldman Sachs Group, Exxon Mobil Corp, airlines, UK politics & policy and Lloyd's of London Ltd
...When Exxon struck the biggest deal of a $300bn wave of oil mergers during the brutal late-1990s crude price collapse, Mobil chief executive Lou Noto gave a warning to the industry....
...The two largest US energy groups revealed weaker performances in the fourth quarter of 2019, with Exxon reporting its first loss in chemicals since before its 1999 merger with Mobil....
...Apple was the next largest, paying out $13.78bn, followed by Exxon Mobil Corp and Microsoft — both regulars in the top five dividend-paying companies. Will companies continue raising dividends?...
...US stocks started on the back foot on Friday, with recent earnings disappointments from the likes of Amazon, Exxon Mobil and Starbucks helping to dampen momentum at the end of a busy week....
...Energy stocks were also in retreat, with oil giants including Exxon Mobil, Chevron and ConocoPhillips all in the red as oil prices took a beating....
...Chevron and Exxon Mobil hold stakes in Kazakhstan’s Tengiz oilfield, in which the two companies agreed a $37bn investment last year....
...As Exxon paired with Mobil, Chevron failed to agree a merger with Texaco in 1999, but succeeded in its second attempt a year later, and Mr Watson was put in charge of the integration effort....
...The $10bn sale by Berkshire Hathaway would be the year’s fourth largest, behind Anheuser Busch InBev’s $46bn transaction in January and $12bn offerings from Apple and Exxon Mobil last month....
...Exxon Mobil and Anadarko Petroleum are among companies that have cut the number of rigs....
...Exxon Mobil and ConocoPhillips — rated triple A and single A by Standard & Poor’s, respectively — have both completed multibillion-dollar bond offerings in the past two weeks....
...Mobil owned Montgomery Ward, the US retail chain from the mid-1970s to 1988. Exxon had a big nuclear power business from 1969-86, and was a leader in solar power research in the 1970s and 1980s....
...Exxon Mobil on Tuesday reported its worst quarter of sales and profits in more than a decade as the relentless rout in global crude prices lobbed billions off its top and bottom lines....
...The president appointed Mr Kachikwu, a former Exxon Mobil executive, several months after taking office. The senior leadership of the NNPC was dismissed days after the new head was appointed....
...US earnings More than 100 companies on the S&P 500 are expected to report earnings this week, with Alphabet (parent of Google), Pfizer, Michael Kors, Exxon Mobil, UPS, Chipotle, General Motors, Yum Brands...
...Average oil and gas production increased by 3 per cent last year to 4.1m barrels of oil equivalent per day, but that is lower than its level soon after Exxon bought Mobil back in 1999....
...Exxon Mobil (Oil & Gas) 25. Royal Bank of Scotland (Finance) 26. AstraZeneca (Biotech & Pharma) 27. BG (Oil & Gas) 28. EasyJet (Travel & Tourism) 29. Burberry (Retail) 30....
...The fall in crude after the 1997 Asian financial crisis ushered in today’s oil and gas supermajors after a flurry of megamergers that included BP’s tie-up with Amoco, Exxon with Mobil and Texaco with Chevron...
...Shell’s cash and share offer for BG is the second biggest oil and gas deal so far, at $82bn, just behind of the 1998 takeover of Mobil corp by Exxon, worth $86bn....
...It is topped by General Motors, its rival Ford is somewhere on it, and the rest is a mix of big oil — Exxon, Texaco, Chevron, Mobil, Gulf Oil — and industrial groups....
...One response to such sustained financial pressure would be an upsurge in dealmaking, as in the merger boom of 1998-2000 that brought BP together with Amoco and Arco, Exxon with Mobil, and Chevron with Texaco...
...The more ambitious move would be to use the company’s financial strength to do a deal that would power the company the way buying Mobil did for Exxon in the decade after they agreed their merger in 1998....
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