5th Circ. Denies Exxon $1B Tax Refund On Foreign Oil Deals

By Theresa Schliep · August 3, 2022, 4:25 PM EDT

The Fifth Circuit on Wednesday rejected Exxon Mobil's bid for a $1 billion tax refund for its oil-and-gas agreements with Qatar and Malaysia, finding they count as leases and not sales...

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Case Information

Case Title

Exxon Mobil v. USA

Case Number

21-10373

Court

Appellate - 5th Circuit

Nature of Suit

2870 Tax Suits (Tax from DC)

Date Filed

April 14, 2021