Exxon, BP Survive Antitrust Scare

Law360, New York (June 20, 2006, 12:00 AM EDT) -- An antitrust lawsuit against BP Plc. and ExxonMobil Corp. was dismissed Monday by a district court judge in Alaska, who ruled that the oil giants did not break the law by refusing to sell natural gas to a rival group or by teaming up with ConocoPhillips to negotiate the building of their own $20 billion natural gas pipeline.

The suit, which accused BP and ExxonMobil of intentionally keeping natural gas off the market to drive up prices, was brought by the Alaska Gasline Port Authority, a...
To view the full article, register now.