October 31, 2024
Exxon Mobil is entitled to an interest expense deduction on payments to Qatar under a natural gas deal, a Texas federal judge ruled, rejecting the U.S. government's classification of an underlying transaction as a royalty rather than a loan.
September 24, 2024
Exxon Mobil urged a Texas federal judge to find that it defeated what it called a scattered defense by the U.S. government during a five-day bench trial in April when the company argued for a $1.8 billion tax refund on its natural gas deal with Qatar, according to newly released filings.
April 15, 2024
Exxon Mobil Corp. argued Monday in Texas federal court that its deal with Qatar to extract natural gas from the country's coast was a partnership, rather than a lease agreement, saying at the start of a trial that it's entitled to get $1.8 billion in tax benefits back from the IRS.
March 29, 2024
The government asked a Texas federal judge to wave away protests by Exxon Mobil Corp. to keep its documents sealed in a case over $1.8 billion in contested tax benefits for a joint venture with Qatar, saying Thursday that the energy giant threatens unnecessary disputes at trial.
March 19, 2024
Exxon Mobil plans to seek courtroom closures for parts of an upcoming trial in its $1.8 billion suit challenging denied tax deductions for payments it made to Qatar, telling a Texas federal court that certain testimony, if made public, would damage its relationship with the foreign partner.
August 23, 2023
A Texas federal court agreed to delay until April the trial of Exxon Mobil Corp.'s $1.8 billion lawsuit challenging denied deductions for payments it made to Qatar, giving the company three additional months to prepare.
July 14, 2023
A Texas federal court should reject a request from Exxon Mobil Corp. seeking to split off the calculation of the company's potential tax refund or penalty from the underlying issue in the oil giant's $1.8 billion lawsuit involving its joint venture with Qatar, the U.S. told the court Friday.
July 07, 2023
Exxon Mobil Corp. is dropping several claims from its $1.8 billion tax refund lawsuit stemming from a joint venture with Qatar, the company said in court documents, saying a 2022 Fifth Circuit decision against it disallowed similar claims.
March 04, 2022
Exxon Mobil Corp. was wrongly denied tax benefits associated with a partnership for natural gas production with the government of Qatar, the company told a Texas federal court Friday, seeking $1.8 billion back from the IRS, minus other pending refunds.