Is Exxon-Mobil (XOM) Making Money?

Exxon-Mobil (XOM) is having a rough time. The oil giant is facing lawsuits, allegations of hiding climate change risks, the rise of electric cars, and massive declines in revenues.

The biggest threat to Exxon-Mobil (NYSE: XOM) in the United States is lawsuits. Currently, there are so many lawsuits pending against Exxon it is hard to keep count.

For example, InsideClimateNews’ David Hasemyer counts 13 to 14 government lawsuits and nine “children’s lawsuits.” Keeping track of the suits is hard because courts are constantly dismissing and…