Exxon Corporation, The Shell Petroleum Company Limited, and Shell Oil Company, In the Matter of

Last Updated:
In the Matter of Exxon Corporation, The Shell Petroleum Company Limited, and Shell Oil Company
FTC Matter/File Number:

9710007

Docket Number:

C-3833

Enforcement Type:

Part 2 Consents

Case Summary

Exxon will divest its viscosity index improver business to Chevron Chemical Company LLC to settle allegations that its proposed joint venture with Royal Dutch Shell to develop, manufacture and sell their fuel and lubricants additives would reduce competition and lead to collusion among the remaining firms in the market.