SEC Probes Exxon's Climate, Reserves Accounting -Report

Sept 20 (Reuters) - The U.S. Securities and Exchange Commission is investigating how Exxon Mobil Corp has valued its reserves in the wake of low oil prices and potential curbs on carbon emissions, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Exxon, which has not flagged the inquiry in regulatory filings, declined immediate comment. The SEC did not confirm or deny any ongoing investigation.

The company's shares had a muted response, down less than 1 percent at $83.11 in afternoon trading.

http://www.downstreamtoday.com/news/article.aspx?a_id=53595