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ExxonMobil Seeks Refund, Citing $1.9 Billion in Overpaid Taxes

March 5, 2022, 12:15 AM

Exxon Mobil Corp. filed a complaint seeking an IRS refund of taxes and penalties for two tax years over what it claims is the government’s unlawful tax treatment of its Qatari partnership.

The complaint filed in the U.S. District Court for the Northern District of Texas, Dallas Division, didn’t specify a total amount sought but it detailed a roughly $1.9 billion gap between what the oil giant requested in taxes, penalties, and interest and what the IRS previously refunded, adding that a further refund tied to issues outside the lawsuit “is currently pending.” ExxonMobil alleges that the IRS didn’t respect Al Khaleej Gas, the company’s partnership with the government of ...