ExxonMobil bought its competitor

Major U.S. oil company ExxonMobil gaining former power – December 14, Management Philosophy Company has agreed to buy its competitor, the company XTO Energy. The official website of the company even mention the amount of the forthcoming deal – $ 41 billion.

As a result of the merger, ExxonMobil will be able to strengthen its position in the market. It is reported that the deal will be completed in the second quarter of 2010.

The acquired company is developing oil and gas facilities in the United States.