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Exxon Mobil's Shade Of Green Is What Investors Want

Russia exit and disappointing refining profits led to a mixed quarter, but buyback should be enough to quell investors ....

Exxon Mobil , Visible Alpha , Exxon Mobil Investors , Russia Exit , Refining Profits , Share Buyback , Exxon Stock Price ,

Exxon slides 6% after SEC launches investigation into the oil giant's asset valuations

Exxon slides 6% after SEC launches investigation into the oil giant s asset valuations
Emily GraffeoJan 15, 2021, 22:48 IST
Kena Betancur/VIEWpress/Corbis via Getty Images
Exxon Mobil tumbled as much as 6%, to $47.29, on Friday following a report from the Wall Street Journal
that the SEC launched an investigation into the oil giant regarding its valuations of one of its most important oil and gas properties.
People involved in valuing the property complained that employees were forced to use unrealistic assumptions about how quickly Exxon could drill wells there to arrive at a higher value, the Journal reported.
The investigation comes after Exxon s stock suffered its worst annual performance in 40 years in 2020 as oil prices collapsed. ....

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