Welcome to the U.S. Energy Information Administration review of aspects of the merger of Exxon and Mobil, a transaction valued at $80 billion that was announced December 1998. Please call the National Energy Information Center at (202) 586-8800 is you have any further questions.

Aspects of the Merger of the Exxon and Mobil Corporations

On December 1, 1998 The Wall Street Journal announced that Exxon Corporation and Mobil Corporation had agreed to merge.   The value of the transaction was estimated as $80 billion as Exxon agreed to exchange 1.32015 shares of Exxon stock for each outstanding share of Mobil stock.   Exxon is effectively paying $99 for each outstanding share of Mobil stock, given the closing prices of the companies' stock when the deal was announced.

The following links provide company-level data from various public sources to inform discussions of the Exxon-Mobil merger.   This data presentation is similar to data presentations that have been previously requested from EIA for other significant energy company mergers and/or corporate alliances.

Worldwide Oil and Gas Production

Worldwide Petroleum Refining

U.S. Motor Gasoline Marketing


 

Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration, July 23, 2001

Contact:
Neal Davis
neal.davis@eia.doe.gov
Fax: (202) 586-9753

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National Energy Information Center
Phone: (202) 586-8800

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