Exxon
Exxon Files Suit Over Cuban Revolution Land Grab
In a federal lawsuit filed Thursday, ExxonMobil alleged that Cuban entities have been using and profiting off of its property in Cuba, which was seized by Fidel Castro’s regime in 1960.
Read moreCyprus: ExxonMobil Finds 3rd Biggest Gas Deposit in 2 Years
ExxonMobil has made the world’s third-biggest gas find in the last two years off the cost of Cyprus, the country’s government said Thursday.
Read moreNY AG Pulls Trigger on Climate Suit Claiming Exxon Knew
After nearly three years of investigation, New York’s attorney general pulled the trigger Wednesday on a fraud complaint against Exxon that is seen as the climate-change equivalent to the lawsuit that tamed Big Tobacco.
Read moreFeds Must Help Exxon Pay for Wartime Pollution
Uncle Sam must cover some of Exxon Mobil’s cleanup costs for jet fuel and gasoline produced for World War II and the Korean War, a federal judge ruled, rejecting the government’s contention that the oil giant’s claims are time-barred.
Read moreExxon Strikes Out in Massachusetts Climate-Change Probe
ExxonMobil must comply with the Massachusetts Attorney General’s investigation into whether it suppressed climate change research, the state’s highest court ruled Friday.
Read moreExxon Flops in Bid to Kill Climate-Fraud Probe
Refusing to let Exxon sue over state fraud probes of its climate change denials, a federal judge called the oil giant’s scorched-earth legal offensive Thursday a “huge waste” of time and money.
Read moreExxon Mobil Withdraws From Russia Deal Due to Sanctions
U.S. oil company Exxon Mobil says it will withdraw from its joint venture with Russia’s state-controlled Rosneft due to U.S. and European sanctions against the country.
Read moreNew Jersey Pollution
Rejecting an appeal Monday by environmental groups and a state senator, the New Jersey Superior Court upheld a landmark settlement that requires Exxon Mobil to pay $225 million for causing pollution at the Bayway Refinery in Linden and another facility in Bayonne.
Read moreClimate Change
Exxon Mobil claims in a petition for pre-suit depositions filed in Tarrant County, Texas, that local officials in California have unfairly targeted Exxon and other Texas-based energy companies in civil lawsuits blaming them for rising sea levels, despite not disclosing that concern to bond investors.
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Emissions Settlement to Cost ExxonMobil $300M in Plant Upgrades
ExxonMobil reached a $2.5 million settlement on carbon emissions Tuesday that will cost it $300 million in compliance measures for facilities in Texas and Louisiana.
Read moreExxon Asks Judge to Throw Out Climate-Change Class Action
ExxonMobil and U.S. Secretary of State Rex Tillerson asked a Dallas federal judge on Tuesday to dismiss a shareholder class action against them, arguing investors are piggybacking claims by several blue-state attorneys general that the oil giant concealed what it knew about climate change.
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San Francisco, Oakland Blame Oil Giants for Rising Sea Levels
Oakland and San Francisco sued five major oil companies on Tuesday, claiming they should cover the costs of sea walls and other projects needed to protect the cities from the consequences of climate change.
Read moreExxon Strikes Out on Hiding Accountant’s Books
New York’s highest court handed a critical victory Tuesday to state prosecutors investigating Exxon for fraud on climate change, refusing to let the oil giant shield audit files.
Read moreStudy Finds Exxon Misled Public on Climate Change for Decades
Fossil-fuel giant Exxon Mobil has knowingly misled the public for nearly 40 years about the dangers of climate change, according to a new study analyzing company communications.
Read moreExxonMobil Sues USA, Fighting $2 Million Fine for Violating Russia Sanctions
ExxonMobil sued the United States on Thursday within hours of being slapped with a $2 million fine for violating sanctions against Russia during its conflict with Ukraine.
Read moreExxon Blocked from Enforcing Venezuela Arbitration Award
An ExxonMobil subsidiary cannot enforce a $188 million arbitration award against Venezuela for nationalizing its oil industry without complying with the notice requirements of the Foreign Sovereign Immunities Act, the Second Circuit ruled.
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Two-Year Exxon Probe Tests Judge’s Patience
ExxonMobil’s attorney denounced an ongoing fraud probe of the company as a “political witch hunt” on Friday, as a judge urged New York’s attorney general to accelerate the 2-year-old investigation.
Read moreInvestors Press Exxon on Disclosure of Climate Change Impact
Exxon Mobil shareholders pushed the company on Wednesday to share more information about whether regulations designed to reduce climate change will hurt the oil giant’s business.
Read moreExxon Mobil Audit Files Ruled Fair Game in Fraud Probe
A New York appeals court advanced a financial probe Wednesday in the state attorney general’s hunt for evidence of fraud in Exxon Mobil’s climate-change denials.
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