Exxon fined $3.4bn for 'fraud'.

Exxon fined $3.4bn for 'fraud'. [thanks, BBC News: world] Related to the

In April, Exxon Mobil's lawyers argued the punitive damages were excessive, more than 30 times the highest amount the Alabama Supreme Court had ever awarded in a fraud case.
The state's lawyers argued that a record verdict was needed to send out a warning to the giant oil company.

So Exxon Mobil is a hugemongous oil company that used its superhuman power to commit egregious, intentional fraud against the State of Alabama, and it's surprised it's fined so much? Hopefully that doesn't strike only me as wrong.