XOM stock is trading down on Friday following the conclusion of the state of New York’s trial against ExxonMobil Corp (NYSE:XOM) in relation to its role in contributing to the climate crisis.
The trial, which was brought against the oil giant in October of last year, is the first of several climate-related cases against major oil companies. The New York Attorney General Letitia James accuses ExxonMobil of intentionally misleading investors by falsely assuring them that the company had properly evaluated the impact of the future of regulations on its business, resulting in losses of over $1.6 ...
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