ExxonMobil has filed suit in federal court challenging two California laws that would require the oil giant to report the greenhouse emissions resulting from the use of its products globally. The 30-page complaint, filed Friday in the U.S. District Court for the Eastern District of California, argues that the laws violate the company's free speech rights by requiring it to "trumpet California's preferred message even though ExxonMobil believes the speech is misleading and misguided."
Despite a generally tough year for oil stocks, ExxonMobil and Chevron are showing resilience against market volatility, bolstered by rising crude oil futures and favorable geopolitical factors.
Federal prosecutors are trying to extradite an Israeli private investigator, Amit Forlit, who allegedly orchestrated a hacking campaign aimed at American climate activists.