Exxon News

Exxon Suit Targeting Activist Group Arjuna Tossed by Judge

A federal judge dismissed a lawsuit by Exxon Mobil Corp. against Arjuna Capital after a lawyer for the activist investor group vowed not to try to resurrect a shareholder policy opposed by the company. The judge in Fort Worth, Texas, …

Exxon Is Hit With $726 Million Verdict Over Benzene and Cancer

A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers. The jury found that the …

Exxon Sues ESG Investors to Remove Climate Proposals on Ballot

Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings. The Texas oil giant is seeking a …

Mercenary Hackers Stole Data Exxon Cited in Climate Lawsuits: US Prosecutors

U.S. prosecutors say an Israeli private investigator used hackers to steal emails from climate activists who were campaigning against American energy giant Exxon Mobil Corp. In a sentencing memo filed on Thursday, U.S. Attorney Damian Williams, for the Southern District …

Oregon Climate Change Lawsuit Seeks $50B, Citing 2021 Heat Wave

An Oregon county on Thursday sued Exxon XOM.N, Chevron CVX.N, other major oil and coal companies, and industry groups, seeking over $50 billion to counter the harms caused by extreme weather fueled by climate change. Multnomah County said in the …

Guyana Court Stays Order for Exxon to Give Unlimited Guarantee for Oil Spills Coverage

A Guyana Appellate Court judge on Thursday temporarily stayed a lower court’s order requiring Exxon Mobil Guyana and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills. The stay lifts a cloud over oil …

Exxon Says Guyana Insurance Dispute Could Cut Revenue $350M/Month

Exxon Mobil Corp on Friday said an ongoing dispute over oil-spill insurance in Guyana could halt production at its first offshore platform there, cutting revenue by about $350 million per month. A Guyanese court this month found Exxon in breach …

Guyana’s Environmental Agency Appeals Court Decision Against Exxon

Guyana’s environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company’s first offshore project in the country. Guyana’s High Court Justice Sandil Kissoon said …

Exxon, Guyana Environmental Agency in Breach of Oil-Spill Insurance Obligations: Court

An Exxon Mobil unit is in breach of insurance obligations for its first offshore oil project in Guyana in part due to errors by the environmental regulator, a Guyanese court ruled on Wednesday, a decision the government rejected. Exxon “engaged …

Methane-Tracking Satellites Catch Polluters

Think of them as speed cameras, but for methane. Just like roadside instruments used to identify drivers breaking traffic rules, new powerful satellites are starting to catch oil and gas operators releasing the planet-warming gas into the atmosphere. At least …