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Class Action Cases

A class action has been filed on behalf of XOM Investors. Click "Join this Class Action" above.


Exxon Mobil Corporation

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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Exxon Mobil Corporation (NYSE: XOM) from November 6, 2019 through January 14, 2021 (the “Class Period”). The lawsuit seeks to recover damages for Exxon Mobil Corporation investors under the federal securities laws.

If you bought Exxon Mobil Corporation securities between November 6, 2019 through January 14, 2021, and would like to join the action, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Exxon Mobil Corporation – XOM

New York, N.Y., February 1, 2021. Zhang Investor Law announces ta class action lawsuit on behalf of shareholders who bought shares of Exxon Mobil Corporation (NYSE: XOM) between November 6, 2019 and January 14, 2021, inclusive (the “Class Period”).

To join the XOM class action, go to http://zhanginvestorlaw.com/cases/exxon-mobil-corporation/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.

According to the lawsuit,  throughout the Class Period (1) Exxon forced its employees to use unrealistic assumptions regarding the timelines for well drilling in the Permian Basin; (2) the foregoing assumptions served to artificially inflate the value of the Company’s well operations in the Permian Basin; (3) the foregoing conduct, when revealed, subjected Exxon to a heightened risk of regulatory investigation and oversight; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 29, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/exxon-mobil-corporation/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.