In November, a jury found Exxon Mobil, the world’s largest publicly traded oil company, liable for underpaying the state of Alabama for drilling rights for almost a decade. Of the verdict, the jury gave $11.8 billion to the state to punish Exxon in addition to $63.6 million in actual damages. It was the second verdict in the case. The first $3.5 billion verdict was overturned by the state Supreme Court.
You are here: / / Exxon Mobil Corp. persuaded an Alabama state court judge to cut a $11.9 billion gas royalties verdict to $3.6 billion today, said Jere Beasley, a lawyer for the state of Alabama.