April 27, 2026
Exxon investors accusing the oil and gas company of overvaluing its Permian Basin holdings by billions of dollars have asked a Texas federal judge to grant them class certification, arguing that doing so "will provide a critical step to ensuring the ability of investors to recover their losses."
January 22, 2025
Exxon Mobil Corp. has urged a Texas federal judge to reject investors' broad reading of what confidential information they're allowed to share and with whom in litigation accusing the oil giant of overvaluing its Permian Basin holdings by billions of dollars.
August 14, 2024
A Texas federal judge kept a proposed investor class action against Exxon Mobil intact, saying in an opinion that the investors' allegations claiming Exxon overvalued its Permian Basin holdings by billions of dollars and fudged its public statements were strong enough for the case to move forward.
April 05, 2024
Exxon Mobil Corp. and its officers say that the plaintiffs in a proposed shareholder class action have demanded a substantial trove of documents that goes beyond what's typical in class certification discovery, asking a Texas federal judge to issue a protective order against the proposed production Thursday.
August 24, 2023
ExxonMobil's officers largely escaped a proposed shareholder class action challenging the valuation of the Permian Basin oil production properties, after a Texas federal judge said Thursday the investors didn't establish a strong inference of scienter, while allowing their scheme liability claims against Exxon and a former senior manager to proceed.
November 15, 2022
Exxon Mobil Corp. told a Texas federal judge that investors' third attempt at a proposed class action over the value of its oil and gas production properties located in the Permian Basin should be dismissed since the amended complaint is "deja vu all over again."
October 04, 2022
A Texas federal judge has dismissed a proposed investor class action against Exxon over the value of its oil and gas production properties located in the Permian Basin, finding the investors didn't create a strong inference of scienter, or fraudulent intent, for the oil giant or any individual defendants.
November 29, 2021
Exxon asked a Texas federal judge to toss a proposed securities class action, arguing that investors can't sue over forward-looking projections that ultimately missed the mark when the COVID-19 pandemic rocked global markets.
January 29, 2021
An Exxon Mobil Corp. investor filed a proposed class action in Texas federal court alleging the company overvalued its Permian Basin holdings by billions of dollars, which caused the company's stock price to drop upon reports that federal securities regulators were looking into the valuation.