Exxon Mobil News

New York Says Exxon Misled Investors About Climate Risks

New York’s attorney general on Wednesday sued Exxon Mobil, saying the Texas energy giant has misled investors about the risks that climate change poses to its operations. The lawsuit filed by Attorney General Barbara Underwood is the latest in a …

Arkansas, Feds Want Exxon to Pay $1.8M for Oil Spill Damage

State and federal officials are asking Exxon Mobil to pay more than $1.8 million in compensation for a 2013 oil spill in Arkansas. The Arkansas Democrat-Gazette reports that the state Game and Fish Commission proposed the settlement Tuesday. The funds …

Court Declines to Tear Up New Jersey’s $225M Settlement with Exxon

A New Jersey appeals court on Monday turned down a request from environmental groups and a former state senator to undo a $225 million pollution settlement between the state and Exxon Mobil. Appellate Division Judge Carmen Messano, writing on behalf …

Federal Appeals Court Voids Exxon Pipeline Safety Order

An appeals court has voided an order that would have required Exxon Mobil to revise its pipeline safety procedures after a 2013 oil spill in Arkansas. The Pipeline and Hazardous Materials Safety Administration issued the order in 2015, and it …

Companies May Soon Be Required to Disclose Financial Impact of Climate Risk

Companies’ disclosure of risks to their business from climate change could become mandatory in a few years as investor pressure gathers pace, climate finance experts said on Tuesday. Investors have urged companies, particularly those operating in the oil, gas and …

Judge: Exxon Must Pay $20M for Emissions from Texas Plant

A judge has ordered Exxon Mobil to pay a penalty of nearly $20 million for releasing 10 million pounds of pollutants into the air over the course of eight years from a complex it operates east of Houston. U.S. District …

Exxon Mobil Pays $2.63M Fine for Arkansas Pipeline Spill

Exxon Mobil has paid a $2.63 million fine more than three years after its Pegasus pipeline ruptured and spilled thousands of gallons of crude into a Mayflower neighborhood. Pipeline and Hazardous Materials Safety Administration spokesman Damon Hill tells the Arkansas …

Exxon: Oil & Gas to Will Continue Dominate Energy Sector for Decades

The way Texas-based oil giant Exxon Mobil sees it, the global energy landscape won’t be radically different in 2040 than it is today. Oil and gas will remain king, accounting for an even slightly larger share of the energy supply. …

Natural Gas Firm Says It’s Not Causing Texas Quakes

A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove on June 10 that it is not to blame for a recent rash of small earthquakes in North Texas, telling a powerful state agency that it …

Exxon Mobil Subsidiaries to Pay Nearly $5M for Arkansas Pipeline Spill

Two subsidiaries of Exxon Mobil must pay almost $5 million in penalties for state and federal violations involving the 2013 Mayflower oil spill in central Arkansas, according to a consent decree filed in federal court on April 22. The decree …