Exxon Mobil Sued By US Government, Multiple Nooses Found At Louisiana Refinery


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


 


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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  • Exxon Mobil Corp (NYSE:XOM) has been sued by the US Government over five nooses found at its refinery in Baton Rouge, La., leading to a hostile work environment and subjecting employees to racial discrimination.

  • The Equal Employment Opportunity Commission (EEOC) stated that between April 2016 and December 2020, employees and contractors reported finding the nooses throughout the refinery, reported The Wall Street Journal.

  • Exxon “knew or should have known that the measures it had taken to prevent hangman’s nooses were ineffective,” the lawsuit stated.

  • The EEOC reported that in 2020, a noose was found. The lawsuit stated that Exxon didn’t take any action, resulting in another noose being found at the refinery later that year.

  • According to the report, the agency requests a jury trial to order Exxon to pay damages and compensate Milferd McGhee, a Black employee who discovered the nooses. McGhee has worked at the Exxon plant since 2010.

  • Price Action: XOM shares closed higher by 0.89% at $113.81 on Monday.


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