Oil prices are no longer how to write down assets Exxon Mobil survey yezimei

The price of oil is no longer so much less than the fact that Exxon Mobil has been investigated by the Attorney General of New York to investigate Exxon Mobil’s write downs. Since 2014, crude oil fell, Exxon Mobil is the main crude oil producer, the only non oil wells and other assets to write down, which makes the company’s share price outperformed the peers. For the write down, the company said it was due to its book value is very conservative. According to the Wall Street Journal reported that the Attorney General of the state of New York Eric Schneiderman Exxon Mobil accounting investigation. Specifically, the attorney general believes that the company does not have an appropriate write down of assets. Last year, Exxon Mobil was exposed to the issue of climate change risk disclosure. The Attorney General of New York has misled investors and the public about whether or not they have an impact on climate change and its potential impact on the company. Oil prices have fallen sharply since 2014, allowing oil producers to admit that oil and oil wells are much less valued than they used to be. Oil prices fell, so that billions of barrels of crude oil can not obtain economic benefits, so the price of crude oil producers need to be adjusted. Exxon Mobil is the only major oil producer, the only one that does not take a write down on the assets. Exxon Mobil is the only company in the world’s 40 listed oil companies that have not taken a write down in the past ten years. Exxon Mobil’s accounting treatment, the company in the oil price slump, the stock price performance is much better than other companies. According to the Wall Street journal statistics, Exxon Mobil stock price decline is about half of Chevron, Shell, Total, Holland Royal British Petroleum Company of a few large average decline. Since 2014, these companies have written down more than $50 billion in assets. Exxon Mobil, many analysts have questioned its accounting treatment. In this regard, Exxon Mobil responded that the book value of the company’s oil fields and oil wells is very conservative, which makes future oil wells in the lower value, do not need to write down. Last year, Exxon Mobil CEO Tillerson said that the company does not write off assets, due to the implementation of the very strict, to ensure that the project can be completed at a very low price Rex. As early as 2013, the U.S. Securities and Futures Commission has also issued a statement on the Exxon Mobil writedowns. Wall Street journal commented that this is similar to the current situation. The logic of the company is that the short-term price volatility in the energy market is not enough to make the wells that can be exploited in the next few decades become worthless. The company also believes that when energy prices rebound again, the relevant assets will become valuable again. Exxon Mobil filed documents show that last year the company carefully examined the risk of writedowns related assets, found that the oil wells can produce the expected cash flow, far more than the book value of assets. Therefore, the company does not believe that the short-term decline in oil prices need to trigger writedowns. Although the outside world a lot of questions, but there are many supporters. French bank John Herrlin said that about 3/4 of the Exxon Mobil reserve, from the production well, and on相关的主题文章: