PXD May 2024 240.000 call
- Reuters
California's Treasurer Ma urges votes against two Exxon directors
California Treasurer Fiona Ma, a board member of the U.S. state's two big pension systems, on Friday urged both to cast votes against two Exxon directors because of the energy company's unusual lawsuit against small investors. Exxon filed the suit in January seeking to block a shareholder climate resolution, sidestepping the usual regulatory process to fend off activist measures. The filers withdrew the resolution, but Exxon continued the suit seeking legal costs and other relief.
- Bloomberg
Exxon Pleads Not Guilty in Guyana to Misstating Equipment Value
(Bloomberg) -- Exxon Mobil Corp. and one of its suppliers pleaded not guilty in a Guyana court Friday to charges related to overstating the value of oil-well equipment on a customs declaration by 200 times to about $12 billion.Most Read from BloombergApple Nears Deal With OpenAI to Put ChatGPT on iPhoneIce Cube’s Big3 Basketball League Sells Its First Team in $10 Million DealFord Cuts Battery Orders as EV Losses Top $100,000 Per CarElon Musk Pledges to Grow Supercharger Business He Just Decimate
- Reuters
Exxon hit with $725.5 million verdict over mechanic's leukemia diagnosis
A Pennsylvania jury ordered ExxonMobil to pay $725.5 million to a former mechanic who claimed toxic chemicals in the company’s gasoline and solvents caused his cancer, according to attorneys for the plaintiff. The 10-2 verdict came on Thursday, attorneys said, after a trial in a state court in Philadelphia, where former mechanic Paul Gill alleged he was exposed to benzene in ExxonMobil products while working at a gas station between 1975 and 1980. Following the trial that lasted just over a week, the jury found Exxon liable for negligently failing to warn about the health risks of benzene, which the U.S. Environmental Protect Agency (EPA) has classified as a known carcinogen.
