Exxon and Mobil, the top two oil companies in the United States, are prepared to announce the largest industrial merger in history on Tuesday. That's if the two companies can agree on a price. It's a welcome development in an industry that has watched a worldwide crude oil glut that has pushed prices to their lowest in 25 years. The consolidation comes on the heels of British Petroleum's acquisition of Amoco. Analysts say regulatory issues are not a concern for Exxon and Mobil.
What a Gas
Exxon and Mobil, the top two oil companies in the United States, are prepared to announce the largest industrial merger in history on Tuesday. That's if the two companies can agree on a price. It's a welcome development in an industry that has watched a worldwide crude oil glut that has pushed prices to their lowest in 25 years. The consolidation comes on the heels of British Petroleum's acquisition of Amoco. Analysts say regulatory issues are not a concern for Exxon and Mobil.
