SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Douglas V. Fant who wrote (53543)10/26/1999 6:19:00 AM
From: Think4Yourself  Read Replies (1) of 95453
 
MOB? You invest in a company run by people who care not for their stockholders?

Mobil Excludes Some Investors From Earnings Call

Fairfax, Virginia, Oct. 25 (Bloomberg) -- Mobil Corp., which
is being bought by Exxon Corp., excluded some investors from a
conference call in which it discussed third-quarter earnings.

Only analysts and institutional investors were permitted on
the call with top executives, a Mobil spokesman said.

The exclusion means smaller investors without access to Wall
Street research aren't privy to the call's detailed discussions,
which can result in significant moves in the price of a stock.

Last week, U.S. Securities and Exchange Commission Chairman
Arthur Levitt asked companies to let all investors participate in
conference calls about important information.

Exxon, the largest U.S. oil company, is buying No. 2 Mobil
in a transaction now valued at about $81.8 billion in stock and
assumed debt. Exxon didn't allow all investors on its conference
call either.

Fairfax, Virginia-based Mobil said third-quarter profit rose
42 percent on higher oil and natural-gas prices. Profit from
operations rose to $705 million, or 87 cents a share, shy of the
89-cent average estimate of analysts polled by First Call Corp.

Mobil shares fell 4 15/16 to 97 1/16. Exxon fell 2 13/16 to
74 1/16.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News