Exxon Mobil May Have Escaped an SEC Penalty Over Climate-Change Accounting But Not a Class-Action Lawsuit
Earlier this month, we reported that the Securities and Exchange Commission ended its two-year accounting probe into how Exxon Mobil Corp. calculates the value of its assets and whether the oil and gas company failed to alert investors about potential climate-change risks. The SEC decided to take no enforcement action against Exxon Mobil, but investors […]
SEC Calls Off the Dogs on Exxon Mobil
Exxon Mobil Corp. is out of the Securities and Exchange Commission’s doghouse for now, as the regulator ended its two-year accounting investigation into how the company calculates the value of its assets, as well as possible oily investor disclosures about climate change. According to a Bloomberg News report, Exxon Mobil received a letter from the […]
Accounting News Roundup: Exxon’s Write-downs (Or Lack Thereof) and Opportunities to Steal | 09.16.16
Exxon's write-downs (or lack thereof) Exxon Mobil Corp. hasn't written down any of its assets since the drop of oil prices began about two years ago. Some people find that hard to believe, including the New York Attorney General and a number of analysts, and I have to say, their doubts aren't exactly unfounded: The […]