Exxon agrees to pay out 75 percent of Valdez damages Wed Aug 27, 2008 9:36am EDT SEATTLE (Reuters) - Exxon Mobil agreed to pay out 75 percent of a $507.5 million damages ruling to settle the 1989 Exxon Valdez oil spill off Alaska, the Anchorage Daily News reported on Tuesday. Citing both Exxon and the plaintiff's lawyer, the Anchorage Daily News said the oil giant will release about $383 million for distribution to the nearly 33,000 commercial fishermen and others who sued Exxon after the worst tanker crash in U.S. history.