Exxon Corporation and Mobil Corporation

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In the Matter of Exxon Corporation and Mobil Corporation
FTC Matter/File Number:

9910077

Docket Number:

C-3907

Enforcement Type:

Part 2 Consents

Case Summary

A consent order settled antitrust concerns stemming from Exxon's acquisition of Mobil Corporation, but requires the largest retail divestiture in Commission history. The divestitures, representing only a fraction of the worldwide assets of Exxon and Mobil, include 2,431 gas stations; an Exxon refinery in California; a pipeline; and other assets. According to the complaint, the proposed merger would injure competition in moderate concentrated markets -California gasoline refining, marketing and retail sales of gasoline in the Northeast, Mid-Atlantic and Texas; and in the highly concentrated markets for jet turbine oil.

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