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Exxon-Mobil merger wins approval in EU, awaits US decision

10/25/1999
Exxon Corp. Chairman Lee Raymond, left, and Mobil Corp. Chairman Lucio Noto testified last spring at a US House of Representatives hearing about their planned merger.Click here to enlarge imagenullExxon Corp. and Mobil Corp. appear close to culminating an $82 billion merger that would create the world's largest publicly traded oil company.The companies estimate that combining their firms into Exxon Mobil Corp. would save them $3 million/ day.The consolidation would eliminate up to 9,000 jobs at the two firms. Headquarters will be at Exxon's Irving, Tex., offices, while Mobil's headquarters in Fairfax, Va., will house the company's marketing and refining operations.Stockholde...
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