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Posts Tagged ‘price-fixing conspiracy’

Shell and BP accused of a price-fixing racket spanning decades

By Alex Ward Published 25 October 2012

The South African Competition Commission has called for six oil companies – Shell, BP, America’s Chevron, France’s Total and domestic producers Sasol and Engen – to stand before the South African Competition Tribunal for collusion. 

An investigation that begun in 2009 revealed that the six companies to have kept diesel prices artificially high, using the South African Department of Energy’s maximum price guideline as their benchmark.

The Commission accused the firms of “extensive exchanges of commercially sensitive information”, such as monthly fuel sales, to enable them to “track each other’s sales and to align their strategies in the market”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Appeals court reinstates gas price-fixing lawsuit against Shell, ChevronTexaco

The suit accuses the companies’ joint ventures – Motiva Enterprises and Equilon Enterprises – as being part of a plan by the oil giants to inflate fuel prices beginning in 1998 and ending as early as 2001, when Texaco sold its stake to win approval of its purchase of Chevron.

From our Archives…

The Boston Herald: Appeals court reinstates gas price-fixing lawsuit against Shell, ChevronTexaco

By Associated Press

Wednesday, June 2, 2004

SAN FRANCISCO – A federal appeals court on Tuesday reinstated a lawsuit accusing ChevronTexaco Corp. and Shell Oil Co. of operating a price-fixing conspiracy.

The suit accuses the companies’ joint ventures – Motiva Enterprises and Equilon Enterprises – as being part of a plan by the oil giants to inflate fuel prices beginning in 1998 and ending as early as 2001, when Texaco sold its stake to win approval of its purchase of Chevron. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Chevron, Shell to Face Antitrust Trial

Los Angeles Times: Chevron, Shell to Face Antitrust Trial

 

By Lisa Girion, Times Staff Writer

June 2, 2004    

 

A federal appeals court reverses the dismissal of a lawsuit brought by L.A.-area gas station owners over the firms’ joint ventures.

 

A federal appellate court, pointing to a pact between Shell Oil Co. and Texaco Inc. to sell gasoline at the same price, ruled Tuesday that the companies must face trial for alleged antitrust violations.

 

The U.S. 9th Circuit Court of Appeals, sitting in Pasadena, reversed an earlier decision by U.S. District Judge George H. King dismissing a lawsuit brought by the operators of 39 Los Angeles-area gas stations. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

US Court Reinstates Shell, ChevronTexaco Price Fixing Suit

The Wall Street Journal: US Court Reinstates Shell, ChevronTexaco Price Fixing Suit

 

DOW JONES NEWSWIRES

June 1, 2004 11:52 p.m.

Posted 2 June 04

 

SAN FRANCISCO (AP)–A federal appeals court on Tuesday reinstated a lawsuit accusing ChevronTexaco Corp. (CVX) and Shell Oil Co. of operating a price-fixing conspiracy.

 

The suit accuses the companies’ joint ventures – Motiva Enterprises and Equilon Enterprises – as being part of a plan by the oil giants to inflate fuel prices beginning in 1998 and ending as early as 2001, when Texaco sold its stake to win approval of its purchase of Chevron. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

ChevronTexaco, Shell face price fixing case

DallasNews.com: ChevronTexaco, Shell face price fixing case

 

03:10 PM CDT on Tuesday, June 1, 2004

Bloomberg News

Posted 2 June 04

 

Royal Dutch/Shell Group and ChevronTexaco Corp. must face an antitrust lawsuit brought by Los Angeles-area gasoline dealers who claim the companies conspired to fix gas prices, an appeals court ruled.

 

The 9th U.S. Circuit Court of Appeals in San Francisco revived the suit brought on behalf of 23,000 Los Angeles-area service station owners. The station owners claim the oil companies created joint ventures Equilon Enterprises and Motiva Enterprises as a guise to overcharge dealers. Texaco Inc. sold its stake in the ventures to gain approval of its 2001 acquisition by Chevron Corp. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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