Securities and Exchange Commission looking into how fossil fuel giant valued its assets since oil prices fell two years ago
The US Securities and Exchange Commission has launched an investigation into ExxonMobil over how the fossil fuel giant has valued its assets in the wake of falling oil prices and increasing climate change-related regulations.
The company has confirmed that the US’s top financial watchdog is seeking information on its financial reporting. Documents have been sought from Exxon as well as its auditor, PricewaterhouseCoopers.