Klobuchar Says Exxon, Chevron Deal Would Pose Antitrust Risk

Minnesota senator and ranking member of the Senate antitrust subcommittee Amy Klobuchar criticized reported merger talks between Exxon Mobil Corp. and Chevron Corp., citing the risks that a tie-up could pose to consumers and competitors.

• “Mergers like these are being considered for one obvious reason: the lawmakers, regulators, and courts have allowed increased consolidation in industry after industry,” Klobuchar said in a statement Monday
• The companies’ CEOs discussed merger talks last year, but the talks were preliminary and are not continuing, Dow Jones reported Sunday
• A merger between the two companies would yield a company with a market capitalization ...