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Exxon executive in shale oil to be arraigned on sexual assault allegation, reveals Reuters.

Exxon Mobil’s Shale Oil Chief Faces Sexual Assault Charge

Exxon Mobil’s Shale Oil Chief to Appear in Court on Sexual Assault Charge

The head of Exxon Mobil’s multi-billion-dollar shale oil business is expected to enter a plea on a sexual assault charge in Texas, according to court records. David Scott, the Senior Vice President of Exxon, was arrested and charged with a second-degree felony for sexually assaulting a woman at a hotel near the company’s headquarters in Spring, Texas.

Arrest and Investigation

Police were called to the hotel last Thursday after reviewing video footage of Scott and two women who accompanied him. Scott was subsequently arrested and taken into custody. As the investigation proceeds, Scott has been relieved of his work responsibilities, as stated by an Exxon spokesperson.

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Serious Legal Consequences

Convictions for second-degree felonies in Texas carry a minimum sentence of two years and a maximum of 20 years in jail. Currently, it remains unknown whether Scott has obtained legal representation. Following his arrest, Scott was released on a $30,000 bond, as documented in jail records.

Deal Talks and Business Implications

Last week, news emerged that Exxon’s shale oil business, led by Scott, was at the center of deal talks with Pioneer Natural Resources, a rival in the shale oil industry. However, the recent charges against Scott may impact the progress of these discussions and potentially alter the business landscape.

While the case unfolds, Scott’s future at Exxon remains uncertain. The outcome of the legal proceedings will undoubtedly have significant implications for both Scott and Exxon Mobil’s operations in the shale oil sector.

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