January 26, 1988 |
Herbert Schmertz, who gained fame as a controversial spokesman for Mobil Corp. during the 1970s, is leaving the oil company and will serve as an adviser to Sen. Bob Dole's presidential campaign, Mobil announced today. Schmertz, who has been with Mobil for 22 years, will leave May 1 to form his own company devoted to public relations and production of movies and television programs.
May 27, 1999 |
Exxon Corp. expects resounding approval when shareholders vote today on its plan to create the largest publicly traded oil company by buying Mobil Corp. for $88 billion in stock and assumed debt. Stockholders of both companies have good reasons to vote yes. Exxon said the buyout would add $2.8 billion a year to earnings. Mobil shareholders would get $105.86 a share if the transaction closed today, 40% more than their shares were worth in late November before news of the buyout leaked.
February 10, 2000 |
Two independent Texas oil refiners--Ultramar Diamond Shamrock Corp. and Valero Energy Corp.--are finalists in bidding for an Exxon refinery and gas stations in California that must be unloaded as part of Exxon Corp.'s recent merger with Mobil Corp., the companies said Wednesday. The Federal Trade Commission approved the $80-billion merger in December, but only after requiring record concessions from Exxon Mobil Corp. to boost competition in various markets.
July 26, 1989 |
Phillips Petroleum Co. on Tuesday reported improved earnings in the second quarter, due in part to higher crude oil prices, while Chevron Corp. and Mobil Corp. both reported lower earnings. Chevron's earnings dropped 22.3%, in part because last year's numbers included an unusual gain; Mobil's dropped 22.7%, in part because this year's figures included a loss from the sale of assets, and Phillips' rose 15.9%.
CALIFORNIA | LOCAL
January 9, 1987
In response to Mobil Corp's quarter-page, paid advertisement (Dec. 25), "Free Speech Is Under Assault," I would like to expand Jesse Unruh's maxim, "Money is the mother's milk of politics" to include "Money is the mother's milk of political and commercial 'freedom of speech' advertising." What individual citizens as myself must realize is that, although the U.S. Supreme Court ruled in First National Bank of Boston vs. Bellotti (1978) that "corporations were felt to have as much right as individuals to advertise their views on public issues," we as individuals cannot even begin to compete in debate against the well-financed, slick-media political and advertising campaigns of the wealthy corporate giants such as Mobil, et al. As a result, due to severe economic disparities (hence, inequalities)
September 30, 1998 |
Atlantic Richfield Co. and Mobil Corp. said Tuesday that they will combine their gas operations in the southern part of the North Sea, which will save the two companies a projected $8 million a year.
February 20, 1997 |
A gasoline marketer that helped pave the way for motorists to pay at the pump with a credit card has a new device that should speed visits to its service stations while letting customers leave the card at home. Mobil Corp. plans to introduce in May an electronic gizmo to hook on a key chain that uses radio signals to activate the gas pump and charges the purchase with a single swipe past the pump.
December 27, 1990 |
Mobil Corp. is discussing the possibility of a three-way oil exploration and production venture with the Soviet Union in Vietnam, company officials said Wednesday. The project would be Mobil's first exploration and production venture with Moscow, Mobil said. But due to a 15-year trade embargo that the United States has against Vietnam, the discussions remain at a preliminary stage, a Mobil spokesman said.