We previously reported on the dispute between AECOM and Exxon over work performed at Exxon’s refinery in Montana. AECOM claimed it was owed roughly $100 million for extra work performed during a plant turnaround in 2019 that...more
On March 10, 2026, ExxonMobil announced a unanimous recommendation by its board of directors that shareholders approve the company's reincorporation from New Jersey to Texas....more
A Connecticut state court recently denied Exxon Mobile Corp.’s motion to strike the Connecticut attorney general’s lawsuit, allowing all the state’s consumer protection claims regarding Exxon’s alleged greenwashing to...more
On November 17, 2025, the SEC’s Division of Corporation Finance (the “Division”) announced how it will handle requests relating to shareholder proposals under Rule 14a-8. During the 2025-2026 proxy season (until September 30,...more
On November 17, 2025, staff of the Division of Corporation Finance of the Securities and Exchange Commission (SEC) announced it will not provide a substantive response to no-action requests from companies seeking to exclude...more
On Sept. 15, 2025, the staff of the Office of Mergers & Acquisitions, Division of Corporation Finance of the U.S. Securities and Exchange Commission (SEC) issued a no-action letter to Exxon Mobil Corporation (Exxon) regarding...more
On October 29, 2025, the U.S. Court of Appeals for the Ninth Circuit issued an order addressing an emergency request aimed at delaying implementation of California’s sweeping climate-related disclosure requirements under...more
Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains updates and important reminders on...more
In late October, ExxonMobil filed a complaint in the U.S. District Court for the Eastern District of California against state officials challenging the state’s new carbon emissions disclosure law (SB 253) and climate risk...more
On October 24, 2025, a significant new lawsuit challenging California's mandatory climate disclosure regulations was filed in federal district court (E.D. Cal.) by ExxonMobil...more
On October 24, 2025, Exxon Mobil Corporation filed a complaint in the U.S. District Court for the Eastern District of California seeking to, among other things, enjoin California’s recently enacted corporate climate...more
Welcome to Goodwin’s Public Company Advisory News Roundup, which highlights the latest developments with SEC and stock exchange regulatory activity, corporate governance and other topics relevant to public company counseling...more
On September 15, 2025, the SEC’s Division of Corporation Finance issued no-action relief to ExxonMobil (Exxon) regarding the company’s retail voting program in response to a request letter submitted by Exxon to the SEC on the...more
Today, the Supreme Court of the United States granted certiorari in five cases - Exxon Mobil Corp. v. Corporación Cimex, S.A., No. 24-699: This case concerns the Cuban Liberty and Democratic Solidarity Act of 1996...more
Recently, the Division of Corporation Finance of the Securities and Exchange Commission (the "SEC") confirmed that it would not recommend enforcement action with respect to Exxon Mobil Corporation’s implementation of its...more
Earlier this month, the SEC staff granted no-action relief allowing Exxon Mobil to establish a retail voting program. The company plans to solicit customers of brokers and other nominees to opt-in to standing instructions...more
The SEC Staff issued a no-action letter to Exxon Mobil Corporation on September 15, 2025, confirming that it would not recommend enforcement action under the proxy rules if the company implements a first-of-its-kind system...more
The SEC's Division of Corporate Finance has granted ExxonMobil's no-action request to enable automatic voting for its retail investors....more
The Tyler Court of Appeals reversed a $2.5 million judgment against pipeline successors (Coffeyville Resources Crude Transportation, LLC v. ExxonMobil Pipeline Co., No. 12-23-00276-CV, 2025 WL 356222 [Tex. App.—Tyler Jan. 31,...more
On April 3, 2025, a Texas state appeals court reversed a trial court order awarding Exxon Mobil $25 million under an umbrella insurance policy issued by Lexington Insurance Co. to Brock Services Ltd. The appeals court found...more
The Texas Fourteenth Court of Appeals upheld summary judgment for Exxon Mobil corporation in Stanley Cole v. Exxon Mobil Corp. (No. 14-22-00756-CV), a premises liability case involving alleged exposure to olivine dust. The...more
In the days leading up to President Trump’s inauguration, the Biden FTC rushed to initiate major lawsuits and to tie a bow on various antitrust policy efforts. In a series of dissenting statements, the minority Republican...more
The White House announced on Monday that President Joe Biden would ban new offshore oil and gas drilling along most of the U.S. coastline. The order will protect 625 million acres of ocean along America’s Atlantic and Pacific...more
Recently, in Exxon Mobil Corp. v. United States (No. 3:22-cv-00515), a District Court in Texas ruled that the taxpayer was entitled to interest deductions on a production loan entered into as part of a multibillion-dollar...more