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Market
Number of Big Oil companies involved in settlement with California by end of 2024
5
Resolution / Starting Odds
1-2 companies • 33%
3-4 companies • 33%
5 or more companies • 33%
Official settlement announcements from the involved parties or court records
Story
California Sues Big Oil on Monday to Surrender Profits Over Climate Deception
Jun 10, 2024, 09:10 PM
California's attorney general has initiated a lawsuit on Monday to force the world's largest oil companies, referred to as Big Oil, to surrender profits allegedly earned by deceiving consumers about their contributions to climate change. The state aims to utilize consumer protection laws in this legal action, claiming that these companies have misled the public for decades regarding their role in environmental degradation.
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No companies implicated • 25%
1-3 companies implicated • 25%
4-6 companies implicated • 25%
7 or more companies implicated • 25%
0-5 companies • 25%
6-10 companies • 25%
11-15 companies • 25%
More than 15 companies • 25%
Charges filed • 33%
Settlement reached • 33%
Case dismissed • 34%
Under $100 million • 25%
$100 million to $250 million • 25%
$250 million to $500 million • 25%
Over $500 million • 25%
No new settlements • 25%
1-5 new settlements • 25%
6-10 new settlements • 25%
More than 10 new settlements • 25%
1 to 3 institutions • 33%
4 to 6 institutions • 34%
More than 6 institutions • 33%
Deny involvement • 33%
Admit minor involvement • 33%
Admit significant involvement • 34%
No additional companies • 25%
1-2 additional companies • 25%
3-5 additional companies • 25%
More than 5 companies • 25%
1-2 companies • 25%
3-4 companies • 25%
5-6 companies • 25%
More than 6 companies • 25%
ExxonMobil • 25%
Chevron • 25%
BP • 25%
Shell • 25%
None • 33%
1 to 5 • 34%
More than 5 • 33%
0-2 agreements • 25%
3-5 agreements • 25%
6-8 agreements • 25%
More than 8 agreements • 25%