WASHINGTON – Senator Amy Klobuchar (D-MN) issued the following statement regarding reports that the chief executives of Exxon Mobil Corp. and Chevron Corp. spoke about combining the companies:

"In 1911, the Standard Oil company was broken up in one of the landmark monopolization cases in our history. Now, there are news reports that ExxonMobil and Chevron--two parts of the old Standard Oil monopoly--have considered joining forces again. I am very concerned about reports of further consolidation in the energy industry and the harm it could inflict on consumers and competing businesses. This is just another example of why we need to up the resources for our country’s antitrust enforcement and reform our country’s competition policy. Mergers like these are being considered for one obvious reason: the lawmakers, regulators, and courts have allowed increased consolidation in industry after industry. In the end competing companies considering a merger just look at each other and say ‘why not...who is going to stop us?’”