Exxon's top shale executive arrested on sexual assault charge in Texas (NYSE:XOM) - Seeking Alpha
Exxon's top shale executive arrested on sexual assault charge in Texas (NYSE:XOM) | Seeking Alpha
Exxon's top shale executive arrested on sexual assault charge in Texas
Exxon Mobil Corporation (XOM) By:
Carl Surran, SA News Editor
17 Comments David McNew/Getty Images News
The head of Exxon Mobil's (NYSE: XOM) shale oil and gas business was arrested late last week at a Texas hotel on a sexual assault charge, according to multiple news reports on Sunday.
David Scott faces a second-degree felony assault charge and posted a $30K bond, according to jail records.
Scott is VP of Exxon's ( XOM) upstream unconventional unit, and has worked for the company for 26 years at operations in Australia, the U.K., the United Arab Emirates and Angola.
The arrest comes as Exxon Mobil ( XOM) reportedly is preparing to offer ~$60B to buy shale driller Pioneer Natural Resources.
Scott oversees Exxon's ( XOM) operations in the Permian Basin, but it is not clear how or if he might be involved in the potential Pioneer deal.
Exxon ( XOM) shares +3.9% in early trading Monday as crude oil prices rally following the weekend attack on Israel by Hamas.
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