--Exxon Mobil Corp. is suing the European Union to halt the bloc's new windfall tax on oil groups amid a surge in energy prices, the Financial Times reported.

--The U.S. oil and gas corporation's German and Dutch subsidiaries filed a lawsuit on Wednesday at the European General Court in Luxembourg, FT reported.

--Casey Norton, a spokesperson for Exxon, said the windfall tax "would undermine investor confidence, discourage investment and increase reliance on imported energy," FT reported.

Full article at https://cutt.ly/v06ixbk

Write to (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

December 28, 2022 13:54 ET (18:54 GMT)

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