ExxonMobil to Take a Charge in Allapattah Case.FAIRFAX Fairfax, city (1990 pop. 19,622), historic seat of Fairfax co., NE Va., a residential suburb of Washington, D.C.; inc. 1892, as a city 1961 (at which time it became independent and no longer included in a county). There is some light manufacturing. , Va. -- In light of the Supreme Court's 5 to 4 decision Thursday to grant a lower Federal court the right to hear the claims of several thousand Exxon service station dealers who challenged a discount for cash program, Exxon Mobil Corporation Exxon Mobil Corporation U.S.-based oil and gas company formed in 1999 through the merger of Exxon Corp. and Mobil Corp. It has investments and operations in petroleum and natural gas, coal, nuclear fuels, chemicals, and ores. (NYSE NYSE See: New York Stock Exchange :XOM XOM Exxon Mobil Corporation (stock symbol) XOM X/Open Object Management XOM OSI-Abstract-Data Manipulation API XOM Xml Object Model XOM X/Open Osi Abstract Data Manipulation ) announced today that it has determined to take an after-tax charge of $200 million which will be reflected in the Corporation's second quarter results. This charge is in addition to an after-tax charge of $550 million that ExxonMobil took in the third quarter of 2004. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion