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S.E.C. Is Latest to Look Into Exxon Mobil’s Workings

By Tony Seruga

An Exxon gas station in Manassas, Va. The S.E.C. requested information in August on the company’s policy of not writing down the value its oil reserves. CreditKaren Bleier/Agence France-Presse — Getty Images

HOUSTON — The Securities and Exchange Commission has requested information from Exxon Mobil on the company’s longstanding policy of not writing down the value of oil reserves, as other energy companies have done in the recent past, Exxon Mobil confirmed on Tuesday.

The inquiry mirrors an investigation by the New York attorney general, Eric T. Schneiderman, into how the company has valued its assets in light of future climate change regulations that may force fossil fuel companies to keep oil, natural gas and coal in the ground…

S.E.C. Is Latest to Look Into Exxon Mobil’s Workings

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