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Article: Exxon-Mobil Deal Won't Overly Concentrate Retail Market, Study Says.
- Article from:
- The Oil Daily
- Article date:
- February 2, 1999
- Author:
CopyrightCOPYRIGHT 1999 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While receiving a fair amount of scrutiny from the Federal Trade Commission (FTC) due to the sheer size of the proposed deal, a merger between Exxon Corp. and Mobil Corp. shouldn't be hindered on the grounds of concentrated retail market share -- a factor that the public most cares about -- a recent study says.
Despite combining the No. 1 and No. 2 U.S. oil companies, a merged Exxon Mobil Corp. shouldn't cause regulators much alarm on the retail side, Petroleum Industry Foundation Inc. (Pirinc) said in its report, How Big Are the Oil Majors -- Now and After the Mega-Mergers?
Based on FTC's market-concentration measuring stick known as the ...