Exxon Mobil Corporation v. United States of America

  1. October 31, 2024

    Exxon Entitled To Interest Deduction On Qatar Deal

    Exxon Mobil is entitled to an interest expense deduction on payments to Qatar under a natural gas deal, a Texas federal judge ruled, rejecting the U.S. government's classification of an underlying transaction as a royalty rather than a loan.

  2. September 24, 2024

    Exxon Claims It Beat Weak Defense In $1.8B Tax Trial

    Exxon Mobil urged a Texas federal judge to find that it defeated what it called a scattered defense by the U.S. government during a five-day bench trial in April when the company argued for a $1.8 billion tax refund on its natural gas deal with Qatar, according to newly released filings.

  3. April 15, 2024

    Exxon Seeks $1.8B Tax Refund As Qatar Deal Trial Opens

    Exxon Mobil Corp. argued Monday in Texas federal court that its deal with Qatar to extract natural gas from the country's coast was a partnership, rather than a lease agreement, saying at the start of a trial that it's entitled to get $1.8 billion in tax benefits back from the IRS.

  4. March 29, 2024

    Exxon Docs In $1.8B Case Should Be Unsealed, Judge Told

    The government asked a Texas federal judge to wave away protests by Exxon Mobil Corp. to keep its documents sealed in a case over $1.8 billion in contested tax benefits for a joint venture with Qatar, saying Thursday that the energy giant threatens unnecessary disputes at trial.

  5. March 19, 2024

    Exxon Wants Closed Court In $1.8B Tax Trial

    Exxon Mobil plans to seek courtroom closures for parts of an upcoming trial in its $1.8 billion suit challenging denied tax deductions for payments it made to Qatar, telling a Texas federal court that certain testimony, if made public, would damage its relationship with the foreign partner.

  6. August 23, 2023

    Exxon's Trial Delayed In $1.8B Tax Case Over Qatar Payments

    A Texas federal court agreed to delay until April the trial of Exxon Mobil Corp.'s $1.8 billion lawsuit challenging denied deductions for payments it made to Qatar, giving the company three additional months to prepare.

  7. July 14, 2023

    US Disputes Exxon's Bid For Split Trial In $1.8B Tax Case

    A Texas federal court should reject a request from Exxon Mobil Corp. seeking to split off the calculation of the company's potential tax refund or penalty from the underlying issue in the oil giant's $1.8 billion lawsuit involving its joint venture with Qatar, the U.S. told the court Friday.

  8. July 07, 2023

    Exxon Narrowing $1.8B Tax Refund Claim Over Qatari Deal

    Exxon Mobil Corp. is dropping several claims from its $1.8 billion tax refund lawsuit stemming from a joint venture with Qatar, the company said in court documents, saying a 2022 Fifth Circuit decision against it disallowed similar claims.

  9. March 04, 2022

    Exxon Merits $1.8B Tax Refund For Qatari Venture, Court Told

    Exxon Mobil Corp. was wrongly denied tax benefits associated with a partnership for natural gas production with the government of Qatar, the company told a Texas federal court Friday, seeking $1.8 billion back from the IRS, minus other pending refunds.