Word: mobil
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...quilt pattern. The company has succeeded in lining up partnerships with second-tier telephone companies eager to unload excess long-distance capacity, such as Net2Phone and ZeroPlus.com so consumers shopping for long distance via Priceline can get good deals. But with major oil and gas companies such as Exxon-Mobil and Texaco, Priceline has struck out. Oil companies that spend millions building brands are loath to sell gasoline via a site that puts price before brand...
...plummeting run down Tuckerman’s Ravine so I was excited to see what else the “Live Free or Die” state had to offer. As we pulled off the highway, the usual American strip mall accessories of McDonalds, 7-11 and Mobil prevailed. The directions my friend had given me told me that Wolf’s was located in an industrial park and that it was “near the school and across from the baseball field.” So partly amused and partly disturbed, I pulled into the parking...
...soft spot for polysyllabic corporate monikers can rejoice - the BP Amoco-Arco deal is on again. When first announced late last year, the $30 billion merger raised eyebrows among federal regulators, who moved to block the deal in court. The big problem wasn't size - after all, Exxon and Mobil last year combined in an $80 billion deal. Rather, according to the Federal Trade Commission, it was the fact that the combined entity would own 70 percent of Alaska's oil fields, giving it a monopolistic hold on West Coast gasoline prices...
...President Clinton, involves offering a "swap" of crude oil from the 580 million-bbl. SPR to private oil companies. They would bid to take the oil now, then make repayment in kind, plus a premium, in 12 months or less. In other words, for every barrel an Exxon-Mobil took out, it would return that barrel and a little more--the more to be negotiated...
...irony is that BP Amoco-Arco would be less than half the size of Exxon Mobil. But the FTC voiced concerns that the move would stifle competition on the U.S.'s West Coast, with BP Amoco-Arco controlling 45 percent of the oil refined in California, Oregon and Washington. This won't be the last you hear about this - the heads of British-based BP Amoco and L.A.-based Arco have long said that they would fight regulators to the bitter...