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Topics:  Chevron, Unocal

Announced Action for August 2, 2005

Agency: Federal Trade Commission Date: 2 August 2005

Commission approval of final consent orders: Following a public comment period, the Commission has approved the issuance of two consent orders. The first concerns Chevron Corp.’s acquisition of Unocal Corporation. The second relates to the settlement of the Commission’s administrative complaint against Unocal’s subsidiary, Union Oil Company of California, for engaging in alleged anticompetitive practices. The Commission vote approving each of the final consent orders was 3-0-1, with Chairman Deborah Platt Majoras recused. (FTC File No. 051-1025 and Docket No. D-9305; the staff contact is Dennis F. Johnson, Bureau of Competition, 202-326-2712; see press release dated June 10, 2005.)

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, DC 20580. Call toll-free: 1-877-FTC-HELP.

Media Contact:

Office of Public Affairs
202-326-2180