Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » U.S. regulator ends Exxon Mobil accounting probe by recommending no action

    U.S. regulator ends Exxon Mobil accounting probe by recommending no action

    August 4, 2018
    Share
    Facebook Twitter LinkedIn WhatsApp
    A booth of U.S. major ExxonMobil is seen at the China (Dongying) International Petrochemical Trade Exhibition in Dongying, Shandong province, China May 29, 2018. Picture taken May 29, 2018. REUTERS/Chen Aizhu

    04 August 2018, Houston, Texas — The U.S. Securities and Exchange Commission has recommended no action against Exxon Mobil Corp over its oil-reserves accounting, ending a two-year probe with a victory for the company.

    The SEC in 2016 launched its review of Exxon’s reserves valuation in the wake of low prices and concerns over potential curbs on carbon emissions left its valuations too high.

    The decision, in a letter to the company dated Thursday, shows Exxon’s “financial reporting meets all legal and accounting requirements,” said company spokesman Scott Silvestri.

    • Reuters

    Related News

    Angola’s Block 17 partners sign license extension

    Tinubu pardons Ken Saro-Wiwa, confers national honours on Ogoni Nine

    NCDMB Executive Secretary becomes member of APPO Board

    E-book
    Resilience Exhibition

    Latest News

    Angola’s Block 17 partners sign license extension

    June 13, 2025

    AEC launches specialized advisory services to support African energy investments

    June 13, 2025

    OPEC Fund Development Forum 2025: A global call for inclusive growth

    June 13, 2025

    High-performing green cement revolutionizes the industry

    June 13, 2025

    NSC seeks closer collaboration with Police to boost Port enforcement

    June 12, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.