Exxon, Cuba and Supreme Court
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But the case against the California attorney general, prompted by his lawsuit over Exxon’s plastic recycling program, can proceed in Texas federal court.
U.S. Supreme Court justices grilled lawyers on Monday defending cases related to a 1996 law that allows lawsuits in U.S. courts against companies “trafficking” in properties confiscated by the Cuban
Exxon Mobil has outperformed the Nasdaq over the past year, and analysts are moderately optimistic about the stock’s prospects.
Exxon Mobil Corp. is betting the economic boom unleashed by its giant discovery in Guyana will give the company an edge when negotiating fiscal terms with other nations looking to develop their own oil and gas reserves.
In the fourth quarter, Exxon reported net income of $6.5 billion, or $1.53 per share, a decline of 14.6% from $7.61 billion, or $1.72 per share, in the year-ago period. Revenue came in at $82.31 billion, down 1.3% from $83.43 billion in the fourth-quarter of 2024.
Exxon Mobil Corp. is replacing Paul Weiss as its lead legal counsel in US climate change litigation and giving the work to boutique law firm Hueston Hennigan.
Exxon Mobil (NYSE:XOM) is drawing attention for its role in long-term oil development projects as U.S. shale production shows signs of a potential plateau. The company is setting production records in the Permian Basin while expanding major offshore projects in Guyana.
Exxon Mobil (XOM) is continuing work to determine the total natural gas resources at the Stabroek Block in Guyana, the country's energy minister said Thursday, according to Reuters. Exxon (XOM) "still needs to do more work to evaluate the amount of resources there,