Categories: Stock Market News

Exxon Australian unit sued by competitors watchdog over gas claims


Investing.com– Exxon (NYSE:XOM) Mobil’s Australian unit was taken to court docket by the nation’s competitors watchdog on Tuesday over allegedly making deceptive claims about gas bought at six stations in North Queensland. 

The Australian Shopper and Competitors Fee mentioned it had opened a case in opposition to Mobil Oil Australia, alleging that the corporate made false claims about promoting premium gas at sure Queensland websites between August 2020 and July 2024.

The stations claimed to be promoting “Mobil Synergy gas,” which comprises sure components, when in actuality, Mobil didn’t provide the gas to the stations, the ACCC alleged. 

The watchdog mentioned it was searching for penalties, however didn’t specify an quantity. 

Mobil Oil is a neighborhood unit of Exxon, and primarily operates gas stations throughout the nation.

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