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). In July 2014, Exxon’s fine was reduced to 62.7 million euros ($83.8 million) to reflect the fact that Exxon was not involved in the cartel between 1992 and 1999. See related Royal Dutch Shell PLC instance, “Paraffin Wax Price Fixing.”