If ExxonMobil were to buy BP

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XOM would be buying unknown future liabilities for the huge Gulf oil spill, so it won't happen.
BP remains on the ropes in part because of this event.
They've already been hosed with numerous false claims they've paid out on and they're about to get hosed again.
 
They used to be the same company before, so it's not like it'd be a new thing.

BP = Standard Oil of Ohio
XOM = Standard Oil of New jersey (Exxon) and New York (Mobil)

BP, COP, Exxon Mobil, and Chevron used to all be part of Standard Oil.
 
Originally Posted By: slacktide_bitog
They used to be the same company before, so it's not like it'd be a new thing.

BP = Standard Oil of Ohio
XOM = Standard Oil of New jersey (Exxon) and New York (Mobil)

BP, COP, Exxon Mobil, and Chevron used to all be part of Standard Oil.


Name it Rockefeller Oil!
 
Originally Posted By: slacktide_bitog
They used to be the same company before, so it's not like it'd be a new thing.

BP = Standard Oil of Ohio
XOM = Standard Oil of New jersey (Exxon) and New York (Mobil)

BP, COP, Exxon Mobil, and Chevron used to all be part of Standard Oil.

Yes and No....

BP = British Petroleum

Standard Oil of Ohio was called SOHIO, they were purchased by BP in the mid 80's.
 
My God... M1, and Castrol would be under the same Roof!
New Mobil 1 with Magnatec Clinging Molecules.
German/Belgain Mobil 1
Mobil Edge
Castrol AFE
Mobil GTX

it's MADNESS I TELL YOU!! MADDDNESS!!!
 
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What does Mobil have to gain from the acquisition other than the loss of a competitor? Does BP have resources/facilities that would slot-in well with XOM's already extensive portfolio?
 
Originally Posted By: OVERKILL
Originally Posted By: Donald
I have always believed BP = British Petroleum


It does.


It used to. Now BP = BP - that is how the company is registered.
 
Originally Posted By: weasley
Originally Posted By: OVERKILL
Originally Posted By: Donald
I have always believed BP = British Petroleum


It does.


It used to. Now BP = BP - that is how the company is registered.



The Anglo-Iranian Oil Company originally used the name "British Petroleum" like a brand name to sell petroleum in Germany. AIOC only adopted the name British Petroleum in 1954 after they were kicked out of Iran.

The full history of the company is quite interesting and can be traced back to Burmah Oil Company (Founded 1886) and William Knox Darcy who made his fortune during the gold rush era in Australia and New Zealand. He used his fortune with investment from Burmah Oil Company to drill for oil in Iran.

Burmah Oil purchased Castrol in 1966 and survived up until they were aquired by BP Amaco in 2000
 
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