Exxon Mobil News

Exxon Mobil Sued for Race Discrimination

Exxon Mobil Corporation, doing business as ExxonMobil Chemical Corporation, violated federal law when it failed to take effective measures to prevent the display of hangman’s nooses at its Baton Rouge complex, the U.S. Equal Employment Opportunity Commission (EEOC) charged in …

ExxonMobil Exits Russia After Putin Expropriates Assets Valued at More Than $4 Billion

Exxon Mobil Corp. said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say …

Exxon’s Russia Oil Output Collapsed After Rejection of Local Tanker Insurance: Sources

Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several industry sources told Reuters. Western insurers withdrew cover from …

Oil Firms Strike Out Again in Fight Against Massachusetts, Rhode Island Climate Suits

Exxon Mobil Corp. has lost another round in its fight to stop states from pursuing claims that it has deceived investors and the public regarding its products and climate change. The Massachusetts Supreme Judicial Court has affirmed a trial court …

Guyana Weighs Raising Requirements for Insurance Cover for Oil Spills: Official

Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters. Guyana currently requires financial assurance, a type of insurance, …

Panel Revives Jurisdictional Question in Louisiana Suits Against Oil Giants

The question of whether lawsuits blaming big oil companies for loss of vulnerable Louisiana coastal wetlands will be tried in state courts, as local parish governments want, or in federal courts, as the oil companies want, has been revived by …

New York City Loses Appeal Seeking to Hold Oil Firms Liable for Global Warming Effects

A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies liable to help pay the costs of addressing harm caused by global warming. Ruling in favor of BP Plc, Chevron Corp., ConocoPhillips, Exxon …

Judge: Exxon Mobil Must Pay $14.25M Penalty in Pollution Case

A federal judge has ordered Exxon Mobil to pay a $14.25 million civil penalty in an 11-year-old lawsuit alleging it violated the Clean Air Act for eight years at its flagship Baytown, Texas, refinery. In setting the penalty, which would …

Delaware Joins List of States and Localities Suing Big Oil

Delaware has joined the list of state and local governments that have sued the petroleum industry in an attempt to hold oil producers accountable for costs related to climate change. The attorney general’s office joined forces with a California law …

Wetlands Loss Suits Against Oil Companies to Stay in Louisiana State Courts

Oil companies facing lawsuits that blame them for coastal wetlands loss in Louisiana have lost an attempt to move the suits to federal court. The 5th U.S. Circuit Court of Appeals in New Orleans on Aug. 10 upheld a decision …