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26.06.26 - 05:06
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Exxon Wins Big As Supreme Court Revives Cuba Seizure Case (ZeroHedge)
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Exxon Wins Big As Supreme Court Revives Cuba Seizure Case
The Supreme Court ruled Tuesday that Exxon Mobil can move forward with its lawsuit against Cuban state-owned oil companies over assets seized after Fidel Castro came to power, reopening a dispute tied to Cuba's 1960 nationalizations, according to CNN.
The 6-3 decision comes as President Donald Trump has taken a more aggressive stance toward Havana.
Justice Brett Kavanaugh wrote for the majority, with the Court's liberal justices dissenting.
CNN writes that the ruling is part of a broader wave of legal and political pressure on Cuba. In May, the Trump administration indicted former Cuban leader Raúl Castro over his alleged role in the 1996 shootdown of two civilian aircraft that killed four people, including three Americans. Trump has also floated military action, saying in March he might have the “honor of taking Cuba.”
Exxon's case centers on property seized in 1960 and a 1996 law that allows US nationals to sue over confiscate...
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25.06.26 - 19:39
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Trump Singles Out Exxon, Chevron, Shell, And BP Over High Gas Prices (ZeroHedge)
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Trump Singles Out Exxon, Chevron, Shell, And BP Over High Gas Prices
By Irina Slav for OilPrice.com
President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into price-gouging earlier in the week.
“Oil prices have come down so much and we are not seeing anything at the pump by comparison the way they should be,” the U.S. president told media, as quoted by the BBC. “We should be, in my opinion, at $2.25 [a gallon] right now at the pump and we are higher than that.”
The U.S. national average for a gallon of regular gasoline was $3.928 as of Wednesday, down from $4.0250 a week ago, but up from $3.2240 a year ago, according to AAA data. GasBuddy reported a national average of $3.85 per gallon as of Monday. Still, fuel prices have been on a decline for six weeks in a row, with diesel also dipping below $5 per gallon for the first time in weeks, bringing reli...
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23.06.26 - 19:03
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Gericht: Exxon darf zu Enteignungen unter Fidel Castro klagen (DPA-AFX)
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WASHINGTON (dpa-AFX) - Inmitten der Spannungen zwischen den USA und Kuba stärkt der Supreme Court das Klagerecht in den Vereinigten Staaten zu von der Fidel-Castro-Regierung vor Jahrzehnten enteignetem Vermögen. Der US-Energieriese Exxon darf gegen staatliche ......
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23.06.26 - 13:57
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Imperial renews annual normal course issuer bid (Business Wire)
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CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today that it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB) to repurchase up to five percent of its 483,592,715 outstanding common shares as of June 15, 2026, or a maximum of 24,179,635 shares during the next 12 months. This maximum will be reduced by the number of shares purchased from ExxonMobil, Imperial's majority shareholder, as described below.
The new one-year program will begin on June 29, 2026, and will end should the company purchase the maximum allowable number of shares, or on June 28, 2027.
Imperial has established an automatic share purchase plan with its designated broker to facilitate the purchase of common shares, both from public shareholders and from ExxonMobil, during times when Imperial would ordinarily not be permitted to purchase due to regulatory restrictions or self-imposed black-out periods. Before entering a black-out perio...
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