Testimony Ends in ExxonMobil’s $1.9B Lawsuit Against IRS

Testimony concluded Friday in ExxonMobil Corp.’s federal lawsuit seeking a refund of about $1.9 billion in taxes, penalties and interest stemming from a lucrative natural gas production venture with Qatar.

The presentation of evidence in the bench trial before Chief Judge David C. Godbey of the Northern District of Texas ended after a week. In lieu of closing arguments, the oil giant and the U.S. government agreed to submit post-trial briefs, the first of which, from ExxonMobil, the plaintiff in the civil case, is due in 45 days.