Exxon Mobil Under Investigation

The SEC recently announced that they are beginning an investigation into Exxon Mobil, one of the largest oil companies in the world. The allegations say that Exxon has improperly valued their assets in the light of the drop in oil price, and that the company is not worth what the released documents say that it is. Specifically, the SEC believes that Exxon has not been properly valuing its oil reserves when prices decline, and that this has artificially boosted what the company is valued at on paper, but does not actually reflect the real value of the company as oil price swings occur. Read more “Exxon Mobil Under Investigation”