12:28 PM EDT, 05/10/2024 (MT Newswires) -- Exxon Mobil ( XOM ) and one of its suppliers both pleaded not guilty Friday in a Guyana court to charges that they overstated the value of oil-well equipment on a customs declaration by about 200 times to around $12 billion, Bloomberg reported.

A magistrate adjourned the case until June 28, according to Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 117.97, Change: -0.47, Percent Change: -0.40