Exxon Wants Back The $5B It Has To Pay In Alaska Oil Spill...
Associated Press DAVID KRAVETS January 30, 2006 at 11:24 AM
Exxon Mobil Corp. urged a federal appeals court Friday to erase the $5 billion in damages an Alaska jury ordered the oil giant to pay for the 1989 Valdez oil spill.
Exxon attorney Walter Dellinger told a three-judge panel of the 9th U.S. Circuit Court of Appeals that the company should be liable for no more than $25 million in punitive damages. Punitive damages are meant to deter and punish misconduct.
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Exxon Mobil 4th-Qtr Profit Climbs to Record $10.7 Bln (Update2) Listen
Jan. 30 (Bloomberg)
-- Exxon Mobil Corp., the world's biggest oil company, said fourth-quarter profit rose 27 percent on surging energy prices to a record $10.7 billion, capping the most profitable year for any company in U.S. history.
Link Here
Exxon Mobil Corp. urged a federal appeals court Friday to erase the $5 billion in damages an Alaska jury ordered the oil giant to pay for the 1989 Valdez oil spill.
Exxon attorney Walter Dellinger told a three-judge panel of the 9th U.S. Circuit Court of Appeals that the company should be liable for no more than $25 million in punitive damages. Punitive damages are meant to deter and punish misconduct.
READ WHOLE STORY
Exxon Mobil 4th-Qtr Profit Climbs to Record $10.7 Bln (Update2) Listen
Jan. 30 (Bloomberg)
-- Exxon Mobil Corp., the world's biggest oil company, said fourth-quarter profit rose 27 percent on surging energy prices to a record $10.7 billion, capping the most profitable year for any company in U.S. history.
Link Here
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