OPEC/Big Oil price collusion suspicions: US Senate starts investigation [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
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Source: Yahoo! Finance
Organization of the Petroleum Exporting Countries (OPEC) over possible price adjustment and coordination. The committee, which has the responsibility to oversee federal spending, will examine the activities and communications of almost 20 oil and gas producers, according to a statement released on Friday. The investigation was prompted by claims last week from Democratic Senator Sheldon Whitehouse that energy giants such as ExxonMobil, Chevron and ConocoPhillips, and several smaller companies, were colluding with the Vienna-based policy body. According to several US news outlets, the three major energy companies did not immediately respond to requests for comment. Meanwhile, two of the other big companies, BP and Shell, declined to comment. The others companies named in the statement were APA Corporation, Chesapeake Energy, Continental Resources, Crownquest, Diamondback Energy, Endeavor, EOG Resources, Hess, Marathon, Occidental, Ovintiv, Permian Resources and SM Energy. W
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