Reported oil and gas reserves at ExxonMobil dropped by 19 per cent last year as it revised away 3.5bn barrels of heavy bitumen at an oil sands project in Canada, the largest drop to be reported by one of the big international oil companies for at least a decade. In its 10-K annual report , filed to the Securities and Exchange Commission on Wednesday evening, Exxon said low oil and gas prices during 2016 meant that some of its assets no longer qualified as proved reserves.
Category: Corporate / Securities Law
New Planning Chief’s Story: Brooklyn Roots, Citigroup’s Crisis, Obama’s Farewell
Marisa Lago, then an assistant secretary of the treasury, appearing before the U.S. Senate Finance Committee in 2015 as President Obama’s nominee to be Deputy U.S. Trade Representative. The nomination was held up in a dispute over the Trans-Pacific Partnership.
Ponzi shemes: Change of attitude is solution to challenge, Sec DG says
Mr Mounir Gwazo, Director-General, Securities and Exchange Commission , said that the solution to ponzi schemes in the country was a change of attitude. Gwarzo told the News Agency of Nigeria in Abuja that for Ponzi schemes to be eradicated, Nigerians must stop being greedy.
Trump Nominates Jay Clayton as Securities and Exchange Commission Chairman
“Jay Clayton is a highly talented expert on many aspects of financial and regulatory law, and he will ensure our financial institutions can thrive and create jobs while playing by the rules at the same time,” Trump said in a statement released by his transition team. “We need to undo many regulations which have stifled investment in American businesses, and restore oversight of the financial industry in a way that does not harm American workers.”