Tag: SEC
ConocoPhillips revises down over 1 billion barrels of oilsands reserves
ConocoPhillips makes revision due to low global crude prices By Nia Williams CALGARY, Alberta, Feb 21 (Reuters) – ConocoPhillips Corp has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada’s vast hydrocarbon potential may be […]
Oil services firm Weatherford to pay $140 million for accounting fraud
Weatherford fraudulently lowered the year-end sum it set aside for income taxes each year by $100 million to $154 million By Suzanne Barlyn (Reuters) – Oil services company Weatherford International LLC has agreed to a $140 million penalty to settle charges it inflated its earnings by using deceptive income tax accounting, the U.S. Securities and […]
SEC probes Exxon’s climate, reserves accounting -report
Exxon valuation of assets in wake of oil crash questioned Sept 20 (Reuters) – The U.S. Securities and Exchange Commission is investigating how Exxon Mobil has valued its oil reserves in the wake of low prices and potential curbs on carbon emissions, the company said, confirming an earlier report. Wall Street Journal, which first reported the […]
ETE, Williams give SEC more time to review their deal
ETE, Williams deal worth $20 billion May 3 (Reuters) – Energy Transfer Equity LP, or ETE, and Williams Companies Inc agreed on Tuesday to change an administrative requirement for their $20 billion-deal to give U.S. regulators additional time to complete their review of the tie-up. The new timeline may give Energy Transfer time to renegotiate terms […]
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