Exxon Valdez punitive damages to the Supreme Court which capped the damages to US $507.5 million in June, 2008. On August 27, 2008, Exxon Mobil agreed to pay 75% of the US $507.5 million damages ruling to settle the 1989 "Exxon Valdez" oil spill off Alaska. In June 2009, a federal ruling ordered Exxon to pay an additional US$480 million in interest on their delayed punitive damage awards. After repairs, "Exxon Valdez" was renamed "Exxon Mediterranean", then "SeaRiver Mediterranean" in the early 1990s, when Exxon transferred their shipping business to a new subsidiary company, River Maritime Inc. The name was later shortened
Exxon exclusively. In Colombia, Japan, and formerly Malaysia, both the Esso and Mobil brands are used, and Esso and Mobil in Japan will be rebranded as ENEOS in 2020, while Esso and Mobil in Malaysia were fully rebranded as Petron in 2013. Exxon Exxon was the brand name of oil and natural resources company Exxon Corporation, prior to 1972 known as Standard Oil Company of New Jersey. In 1999, Exxon Corporation merged with Mobil to form ExxonMobil. The "Exxon" brand is still used by ExxonMobil's downstream operations as a brand for certain gas stations, motor fuel and related products (the highest