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The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »
Exxon Mobil
Paraffin Wax Price Fixing
Date: 10/01/2008 (Date of Announcement)
Misconduct Type: Antitrust
Enforcement Agency: International
Contracting Party: None
Court Type: Administrative
Amount: $115,564,903
Disposition: Fine
Synopsis: Exxon Mobil and other producers of paraffin waxes were fined by European Commission regulators for participating in a cartel from 1992 to 2005 that fixed the price of paraffin wax and slack wax (the raw material used to produce paraffin wax). Exxon Mobil also engaged in market allocation for paraffin wax and fixed prices for slack wax sold to end-customers on the German market. Exxon Mobil was fined 83.6 million euros ($115.6 million). See related Royal Dutch Shell PLC instance, "Paraffin Wax Price Fixing."
