The U.S. Supreme Court reduced the $2.5B Valdez award against ExxonMobil (XOM -0.2%) to just...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

The U.S. Supreme Court reduced the $2.5B Valdez award against ExxonMobil (XOM -0.2%) to just $507.5M, and said damages should be compensatory, not punitive. Shares dropped.