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American Government Topic:  Exxon, Mobil

Announced Actions for October 6, 2000

Agency: Federal Trade Commission
Date: 6 October 2000
[Non-automotive content removed.]

Approval of application for divestiture:

The FTC has approved a proposed divestiture from the following: Exxon Mobil Corporation. The divestiture, required by Paragraphs III.A-III.C of the FTC's November 30, 1999 consent agreement, concerns the sale of Exxon Mobil's Guam assets to South Pacific Petroleum Corporation. The assets are currently held by Exxon Mobil's subsidiary Exxon Mobil International Holdings, Guam Branch. The Commission vote to approve the divestiture was 4-0, with Commissioner Thomas B. Leary recused. (FTC File No. 991-0077; Docket No. C-3907; staff contact is Daniel P. Ducore, 202-326-2526; see press release dated November 30, 1999.)

Copies of the documents mentioned in this release are available from the FTC's Web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, D.C. 20580; toll free: 877-FTC-HELP (877-382-4357); TDD for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.

Media Contact:

Office of Public Affairs

202-326-2180




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