2004 News Releases September 30, 2004 FTC Accepts Divestitures in $13 Billion Merger of Enterprise Products Partners and GulfTerra Energy Partners Consent Order Requires Divestiture of Interests in a Natural Gas Pipeline and a Mississippi Propane Facility September 29, 2004 FTC Clears Magellan's $492.4 Million Acquisition of Shell Assets To Preserve Competition, Magellan Required to Divest Shell's Oklahoma City Terminal September 27, 2004 FTC Clears Buckeye Partners’ $517 Million Purchase of Shell Pipelines and Terminals Acquisition Excludes Terminal in Niles, Michigan; For 10 Years, Companies Required to Notify Commission of Any Sales, Transfers Regarding Niles Terminal August 13, 2004 FTC Issues Staff Report on “The Petroleum Industry: Mergers, Structural Change, and Antitrust Enforcement” August 11, 2004 Media Advisory: FTC to Hold Media Availability on Staff Report: “The Petroleum Industry: Mergers, Structural Change, And Antitrust Enforcement” July 15, 2004 FTC Testifies on Initiatives to Protect Competitive Markets for Gasoline General Counsel Welcomes an Assessment of FTC’s Work; Calls on GAO to Release Its Methodology and Data Underlying Recent Report July 12, 2004 How to Deal with Rising Gas Prices: FTC Consumer Alert July 7, 2004 FTC Reinstates Complaint of Unfair Methods of Competition Against Unocal July 7, 2004 FTC Testifies on its Initiatives to Protect Competitive Markets for Gasoline General Counsel Announces Invitation to GAO to Co-Host Conference on GAO Oil Merger Report June 18, 2004 Announced Action for June 18, 2004 FTC Staff: Michigan Gasoline Bill Likely to Harm State's Consumers May 27, 2004 Statement of Federal Trade Commission Chairman Timothy J. Muris on the GAO Study on 1990s Oil Mergers and Concentration Released Today April 7, 2004 FTC Testifies on "Market Forces, Anticompetitive Activity, and Gasoline Prices" Agency Details Initiatives to Protect Competitive Markets Before Senate Subcommittee. March 16, 2004 FTC Staff: Kansas Bill Is Likely to Deter Gasoline Price Cuts January 29, 2004 FTC Staff Concludes that Alabama Motor Fuels Marketing Act Restricts Competition 2003 News Releases December 29, 2003 FTC Closes Investigation of Sunoco’s Proposed Acquisition of Coastal Eagle Point Oil Company Unanimous Vote Allows Sunoco to Buy Philadelphia-Area Eagle Point Refinery November 26, 2003 Administrative Law Judge Dismisses Complaint Against Unocal for Alleged Anticompetive Practices Related to Carb Gasoline Judge Rules That Complaint Counsel Could Not Overcome Noerr-Pennington Immunity and That FTC Does Not Have Jurisdiction to Resolve Entangling Patent Issues October 16, 2003 FTC Staff: Wisconsin's Unfair Sales Act Likely Raises Gas Prices November 26, 2003 Announced Actions for August 5, 2003 The Commission approved a proposed divestiture by ConocoPhillips, Inc. July 28, 2003 Revised New York Gasoline Bill Could Still Harm Consumers, Says FTC Staff Despite Minor Changes, Bill Still Carries "Significant Risk" for State’s Consumers July 25, 2003 Announced Action for July 25, 2003 Approved an application for a proposed divestiture from Shell Oil Company and Pennzoil-Quaker State Company May 30, 2003 Announced Actions for May 30, 2003 Approved a proposed divestiture by ConocoPhillips, Inc. May 23, 2003 Announced Actions for May 23, 2003 Received an application for approval of proposed divestiture from Shell Oil Company and Pennzoil-Quaker State Company; approved two proposed divestitures from ConocoPhillips, Inc. May 21, 2003 FTC Staff Sends North Carolina Comments On Bill Regarding Below-cost Sale of Motor Fuels Proposed Legislation Called Unnecessary, With the Potential to Harm State's Consumers May 2, 2003 Announced Actions for May 2, 2003 Received a petition for approval of a proposed divestiture from ConocoPhillips, Inc. March 14, 2003 Announced Actions for March 14, 2003 Received an application for approval of a proposed divestiture from ConocoPhillips, Inc. March 4, 2003 FTC Charges Unocal with Anticompetitive Conduct Related to Reformulated Gasoline Complaint Alleges Company Gained Monopoly Power by Defrauding the California Air Resources Board and Industry Groups During Phase 2 Gasoline Rulemaking March 4, 2003 Announced Action for March 4, 2003 Received an application for approval of a proposed divestiture from ConocoPhillips, Inc. February 21, 2003 Announced Action for February 21, 2003 Received an application for approval of a proposed divestiture from ConocoPhillips, Inc. February 14, 2003 Announced Actions for February 14, 2003 Approved the issuance of a final consent order, and letters to the commenters of record, in the matter concerning the merger of Conoco Inc., et al. and Phillips Petroleum Co. January 28, 2003 Gasoline Price Controls Would Likely Harm Hawaii's Consumers FTC Staff Testifies Before Hawaii Legislature on Competition in the State's Gasoline Market January 14, 2003 Announced Action for January 14, 2003 Approved a proposed application from ConocoPhillips concerning the recent merger of Conoco Inc. and Phillips Petroleum Company 2002 News Releases November 22, 2002 Announced Actions for November 22, 2002 Approved the issuance of a final consent order in the matter concerning the merger of Shell Oil Company and Pennzoil-Quaker State Company November 5, 2002 Announced Actions for November 5, 2002 Approved a proposed divestiture by ConocoPhillips concerning the recent merger of Conoco Inc. and Phillips Petroleum Company November 1, 2002 Commission approval of Hold Separate manager, Robert W. Stone, in the matter of ConocoPhillips September 27, 2002 Resolving Anticompetitive Concerns, FTC Clears Shell Oil's $1.8 Billion Acquisition of Pennzoil-Quaker State Divestiture Required to Maintain Competition and Prevent Increased Prices in U.S. and Canadian Market for Group II Paraffinic Base Oils September 24, 2002 Announced Actions for September 24, 2002 Received a petition for approval of a proposed agreement from ConocoPhillips concerning the recent merger of Conoco Inc. and Phillips Petroleum Company August 30, 2002 With Conditions, FTC Approves Merger of Phillips and Conoco Rocky Mountain Divestitures Would Maintain Gasoline Refining and Marketing Competition August 14, 2002 Proposed New York Gasoline Legislation Could Harm Consumers, Says FTC Staff FTC Sends Governor Pataki Evaluation of Pending N.Y. Legislation May 29, 2002 Announced Action for May 29, 2002 Approved an application from ChevronTexaco Corporation May 14, 2002 Announced Actions for May 14, 2002 Approved an amendment to the divestiture agreement approved on April 23, 2002, regarding the merger of Valero Energy Corporation (Valero) and Ultramar Diamond Shamrock Corporation (Ultramar) May 8, 2002 FTC Chairman Opens Public Conference Citing New Model To Identify and Track Gasoline Price Spikes, Upcoming Reports Two-day Event Focusing on Factors that Affect Prices of Refined Petroleum Products May 1, 2002 Factors That Affect Gasoline Prices To Be Discussed at FTC Conference April 23, 2002 FTC Testimony Highlights Multi-prong Strategy To Ensure Competitive Gasoline Pricing April 18, 2002 FTC Warns Internet Marketers about Making Misleading Claims about the Benefits of Gas-Saving and Other Energy-Related Devices Consumers Should be Wary of Questionable Claims March 15, 2002 Announced Actions for March 15, 2002 Received applications for approval of proposed divestitures in Diageo PLC and ChevronTexaco Corp. March 12, 2002 Announced Actions for March 12, 2002 Received an application from ChevronTexaco Corp. February 18, 2002 FTC Staff Sends Virginia House of Delegates Comments on Bill Regarding Below-Cost Sales of Motor Fuels Proposed Legislation Called Unnecessary, With Significant Potential to be Anticompetitive February 8, 2002 Announced Actions for February 8, 2002 Approved an application from Chevron Corporation and Texaco Inc. February 1, 2002 Announced Actions for February 1, 2002 Approved a petition by The Dow Chemical Company and a petition by Exxon Mobil Corporation January 4, 2002 Announced Actions for January 4, 2002 Approved a final consent order concerning the merger of Chevron Corp. and Texaco, Inc. 2001 News Releases December 21, 2001 FTC to Hold Second Public Conference on the U.S. Oil and Gasoline Industry in May 2002 Will Provide Opportunity for Public Comment and Focus on Factors Affecting the Prices of Refined Petroleum December 21, 2001 Resolving Anticompetitive Concerns, FTC Consent Order Would Allow Merger of Valero Energy and Ultramar Valero Required to Divest Golden Eagle Refinery and 70 Ultramar-owned Gasoline Stations December 18, 2001 Announced Actions for December 18, 2001 Application for approval of proposed divestiture in Chevron Corporation and Texaco Inc. December 7, 2001 Announced Actions for December 7, 2001 Application received from Exxon Mobil Corporation November 8, 2001 Super FuelMAX Marketers Settle FTC Charges Fuel Savings, Environmental Claims Were Unsubstantiated; Testing Claims Were False September 18, 2001 FTC Closes Phillips-Tosco Investigation Action Allows $7 Billion Merger to Proceed as Proposed September 13, 2001 Consumer Awareness at Gasoline Pumps Urged September 7, 2001 FTC Consent Agreement Allows the Merger of Chevron Corp. and Texaco Inc., Preserves Market Competition Order Would Require Texaco to Exit Existing Equilon and Motiva Joint Ventures July 27, 2001 Media Advisory: FTC to Host Public Conference on Gasoline and Refined Petroleum Products July 13, 2001 Announced Action(s) for July 13, 2001 Release of an updated version of the consumer alert "How to be Penny-wise, Not Pump-fuelish July 12, 2001 FTC to Hold Public Conference/Opportunity for Comment on U.S. Gasoline Industry in Early August Focus will be on Issues Concerning Prices of Refined Petroleum Products May 7, 2001 FTC Closes Western States Gasoline Investigation Investigation Finds No Illegal Activity By Oil Refiners April 25, 2001 FTC Chairman Testifies Before Senate Committee on Merger Enforcement in the Gasoline Industry March 30, 2001 FTC Issues Report on Midwest Gasoline Price Investigation Agency Finds No Evidence of Collusion; Identifies Several Factors Which Contributed To Gasoline Price Spikes in the Midwest During Spring and Summer of 2000 February 1, 2001 FTC Sues Speedway Motorsports and Oil-Chem Subsidiary Performance Claims For zMax Auto Additives Are Unsubstantiated, FTC Charges January 30, 2001 Announced Actions for January 30, 2001 Final modified consent order in: Exxon Mobil Corporation 2000 News Releases December 19, 2000 Announced Actions for December 19, 2000 Application for approval of a divestiture in Exxon Mobil Corporation October 6, 2000 Announced Actions for October 6, 2000 [Revised] Approved divestiture in Exxon Mobil Corporation September 19, 2000 Announced Actions for September 19, 2000 Appointment of trustee and approval of trust agreements: BP Amoco p.l.c., et al. August 29, 2000 Announced Actions for August 29, 2000 Modified consent agreement in BP Amoco p.l.c., et al. August 4, 2000 Announced Actions for August 4, 2000 Ruled on application from Exxon Mobil Corporation July 28, 2000 Federal Trade Commission Issues Interim Report on Midwest Gas Price Investigation No Conclusions Yet Reached; Investigation Likely To Continue For At Least Three to Four More Months July 18, 2000 Announced Actions for July 18, 2000 Approval of applications from Exxon Mobil Corp. and BP-Amoco p.l.c./Atlantic Richfield Company (ARCO) July 14, 2000 Announced Actions for July 14, 2000 Application for approval of proposed divestiture received from Dominion Resources, Inc. and Consolidated Natural Gas Company (CNG) July 13, 2000 FTC Competition Director Testifies Before Senate Regarding Recent Midwest Gasoline Price Increases July 7, 2000 Announced Action for July 7, 2000 Application for approval of proposed divestiture received from Exxon Mobil Corporation June 28, 2000 FTC Chairman Testifies Before House Committee Regarding Recent Midwest Gasoline Price Increases June 28, 2000 Opening Statement of Robert Pitofsky, Chairman of the Federal Trade Commission before Committees of the House of Representatives June 22, 2000 FTC Chairman Robert Pitofsky Comments on Midwestern Gas Prices Pitofsky issued the following statement today on Capitol Hill June 9, 2000 Announced Actions for June 9, 2000 Approval of application for divestiture in Exxon Mobil Corporation May 16, 2000 Announced Actions for May 16, 2000 [Revised] Commission action regarding applications for approval in Exxon Mobil Corporation; Application for approval of transaction in BP Amoco p.l.c. May 12, 2000 Announced Actions for May 12, 2000 Applications for approval of transaction in Exxon Mobil Corporation May 5, 2000 Announced Actions for May 5, 2000 Consent approval in Motor Up Corporation, Inc. and Dura Luba Corporation May 2, 2000 Announced Actions for May 2, 2000 Transaction approvals in Exxon/Mobil April 28, 2000 Announced Actions for April 28, 2000 April 13, 2000 FTC Clears Merger of BP Amoco and Atlantic Richfield Company Competitive Concerns Addressed through Sale of ARCO's Alaska Assets to Phillips Petroleum; Divestiture of ARCO's Cushing, Oklahoma Pipeline Concerns March 31, 2000 Announced Actions for March 31, 2000 Approved applicatons in Exxon Mobil Corporation March 29, 2000 Federal Trade Commission Testifies Before House Committee on Competition in The Petroleum Industry Potential for 'Collusion or Exclusion' Necessitates Scrutiny by Enforcement Authorities March 29, 2000 Dura Lube, Motor Up Settle FTC Charges Settlements Will Bar Deceptive and Unsubstantiated Performance Claims; Dura Lube to Pay $2 Million in Consumer Redress March 9, 2000 FTC Competition Chief Testifies before House Committee on Recent Nationwide Oil Price Fluctuations Antitrust Oversight of Affected Markets Necessary to Prevent Anticompetitive Conduct February 23, 2000 Announced Actions for February 23, 2000 Seeking public comment on petition from Exxon/Mobil February 2, 2000 FTC to Challenge BP Amoco/ARCO Merger Alleging that Deal Would Raise Prices for Crude Oil Used to Produce Gasoline and Other Petroleum Products Agency Charges Will Include Allegations that BP Amoco Controls Crude Oil Prices on West Coast by Exporting to Far East at Lower Prices; and Merged Entity Could Manipulate Trading of Crude Oil Futures January 21, 2000 Announced Actions for January 21, 2000 Seeking public comment on petition filed by El Paso Energy Corporation; seeking public comment on petition filed by Exxon Mobil Corp. January 7, 2000 Announced Actions for January 7, 2000 Final approval of Shell Oil Company order 1999 News Releases December 28, 1999 Announced Actions for December 28, 1999 Appointment of Hold-Separate Trustee in Exxon Mobil November 20, 1999 Exxon/Mobil Agree to Largest FTC Divestiture Ever in Order to Settle FTC Antitrust Charges; Settlement Requires Extensive Restructuring and Prevents Merger of Significant Competing U.S. Assets 2,431 Gas Stations in Northeast, Mid-Atlantic, California and Texas to Be Sold; California Refinery Sale Will Prevent Higher Prices; FTC Says Agreement Will Preserve Competitive Gas Prices September 15, 1999 Shell and Castrol Settle FTC Charges Ad Claims For Castrol Syntec Gas Additive Are Unsubstantiated; Ingredient Supplier And Tester, Shell Chemical, Also Charged September 2, 1999 Prolong Super Lubricants Settles FTC Charges Performance Claims for Motor Oil Additive Were Unsubstantiated May 4, 1999 FTC Charges Motor Oil Additive Marketers Ads for Dura Lube Were False and Unsubstantiated, Agency Says March 10, 1999 Review of Exxon/Mobil Merger to Focus on Competitive Effects and Risks to Consumers: FTC January 15, 1999 FTC Releases Statements on BP/Amoco Case 1998 News Releases December 30, 1998 BP/AMOCO Agree to Divest Gas Stations and Terminals to Satisfy FTC Antitrust Concerns Gas Stations in 30 Southeast and Midwest Markets Affected, Nine Petroleum Terminals To Be Divested October 1, 1998 Shell Oil Company to Divest Parts of Gas Pipeline System in Oklahoma and Texas to Resolve FTC Competition Concerns over ANR Acquisition August 20, 1998 Exxon, Royal Dutch Shell Settle FTC Charges April 22, 1998 Announced Actions for April 22, 1998 Following a public comment period, the Commission has made final a consent agreement with Shell Oil Company and Texaco, Inc.

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