Exxon Mobil

A New Jersey legislative committee advanced a resolution on Monday calling for the rejection of a deal Gov. Chris Christie's administration announced last week to settle a decade-old lawsuit against Exxon Mobil for $225 million, a fraction of what the state previously sought for environmental damage from the oil company.

New Jersey sought $8.9 billion in its decade-long land contamination lawsuit against Exxon Mobil Corp but has settled for $225 million. In an exclusive interview with Townsquare Media, State Sen. President Steve Sweeney said he is stunned by the settlement and is seeking answers.

TRENTON, N.J. (AP) -- New Jersey announced a $225 million settlement with Exxon Mobil on Thursday that state officials say is the largest environmental settlement in state history -- though it has been criticized by Democratic lawmakers who say it is for a mere fraction of the nearly $9 billion initially sought.

Exxon Mobil has bumped Wal-Mart from first place among the Fortune 500 top revenue-generating U.S. companies thanks to rising oil prices.