A Texas jury ruled on Wednesday that Exxon Mobil Corp. is not liable for allegedly defrauding investors through disclosures related to its Canadian oil sands and Rocky Mountain natural gas operations. The 2016 lawsuit accused the company of concealing that its Canadian bitumen operations were losing money, failing to properly incorporate carbon cost assumptions into reserve valuations, and delaying the recognition of impairment charges related to its Rocky Mountain dry gas assets. According to the jury verdict filed in Dallas federal court, investors who purchased Exxon Mobil common stock between February 24, 2016, and October 28, 2016, failed to prove that the company had misled them. The investors claimed they bought the company's shares at artificially inflated prices because Exxon Mobil withheld material information about reserve valuations and accounting practices.