The Senate Judiciary Committee met Wednesday, Feb. 1, to
examine the effect mergers have had on oil inventory profits.
The oil industry in question, however, refused to
Representatives from Exxon Mobil Corp., ConocoPhillips,
Shell Oil Co., Chevron, BP America and Valero Energy Corp. were all asked to
testify, but all declined, claiming they couldn’t fit it into their schedules
on such short notice, according to The Houston Chronicle.
The hearing was called just days after both Exxon Mobile and
Chevron reported record profits for the fourth quarter of the 2005 fiscal year.