May 08, 2026
Exxon Mobil Corp. filed a motion midtrial claiming that no reasonable jury could find that the energy giant breached securities laws with its representations of how much money some of its operations were making, saying that investors' class action claims failed as a matter of law.
May 04, 2026
Former Exxon Chief Executive Rex Tillerson testified Monday that the company's top brass never pressured employees to make the company's holdings seem more profitable than they were, telling a jury in Texas federal court that he stood by the reports the company issued to investors.
May 01, 2026
Former Exxon Mobil Corp. CEO Rex Tillerson testified Friday that the company followed rules dictating annual reports to investors when it came to detailing its Kearl Lake reserves, telling a jury in Texas federal court that the energy giant did not mislead investors.
April 28, 2026
Investors told a Texas jury that Exxon Mobil Corp. inflated the value of its stock by misrepresenting how much money its Kearl Lake operations were making, saying Tuesday that the oil giant hid the truth to snag a better interest rate in a bond offering.
June 20, 2025
Exxon Mobil told a federal court Friday that a November trial in a class action accusing the oil giant of misleading investors should be delayed, writing that the class is seeking a trial on new theories of liability that were not presented at class certification.
June 17, 2025
A class of investors has told a Texas federal judge that Exxon Mobil has no basis to ask the court to stall a November trial for a suit accusing the oil giant of misleading investors, saying Exxon didn't point out any factors that would merit a delay.
March 17, 2025
Exxon Mobil Corp. investors told a Texas federal court that the energy giant's antics surrounding its operations in Kearl Lake amount to a "straightforward fraud," and that the court should reject Exxon's bid for judgment as a matter of law.
February 24, 2025
Exxon Mobil Corp. has told a Texas federal judge that an investor class doesn't have a "shred of evidence" that the company engaged in the stock inflation scheme the investors allege.
August 22, 2023
A Texas federal judge has granted certification to a group of Exxon Mobil Corp. investors who claim the oil giant artificially inflated its stock prices, but the judge significantly reduced the class period after finding Exxon had "sufficiently rebutted" allegations related to carbon proxy costs.
April 01, 2022
A Texas federal judge said Thursday he won't rethink orders denying Exxon Mobil Corp.'s bids to toss a putative securities class action alleging that the oil giant artificially inflated its stock prices, rejecting Exxon's arguments that the investors' case is "irrevocably tied" to a dismissed New York case over climate change.