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Exxon’s Accounting Said to Prompt SEC Review After Crude Slump

Updated on
  • Commission is questioning lack of asset-value writedowns
  • Exxon shares fall, erasing $5.3 billion in market value

Exxon Mobil Corp.’s accounting has prompted a U.S. Securities and Exchange Commission investigation into whether the energy giant should have written down assets as a result of the oil slump, according to a person with knowledge of the matter.

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