Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

Exxon and Macquarie in $11.7B US lawsuit over gas contract

Added 03-04-21 06:04:03am EST - “Exxon? is asking the Texas court to rule that the massive storm was a natural disaster” - Foxbusiness.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Foxbusiness.com: “Exxon and Macquarie in $11.7B US lawsuit over gas contract”. Below is an excerpt from the article.

Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

This material may not be published, broadcast, rewritten, or redistributed. ©2021 FOX News Network, LLC. All rights reserved. FAQ - Updated Privacy Policy

Exxon Mobil Corp is suing Australia's Macquarie Energy in a Texas court in a $11.7 billion lawsuit over missed deliveries during last month's winter freeze in the central United States.

The lawsuit filed by Exxon's natural gas business said the massive storm and state declarations of emergencies prevented it from fulfilling its supply commitment to Macquarie Energy, the second largest U.S. gas marketer.

Exxon is asking the Texas court to rule that the massive storm, caused when an arctic air mass swept the central United States, was a natural disaster.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

CLICK TO SHARE

BACK TO THE HOME-PAGE