Exxon reportedly investigated by SEC over asset valuation

ExxonMobil (XOM.US) stock dropped nearly 5% after The Wall Street Journal reported that the SEC opened an investigation into the oil giant after employee's whistleblower complaint about an asset valuation. The complaint shows that employees had been forced to make aggressive assumptions on how quickly company could drill wells at its fields in the Permian Basin in Texas, in order to justify the high valuation the company wanted to assign to the assets. At least one of the workers involved in the complaint was fired last year, a knowledgeable source told WSJ. The complaint led to the SEC investigation, sources told the paper. Exxon spokesman Casey Norton declined to comment on whether there’s an investigation.

Separately, yesterday Barclays upgraded the stock to an overweight rating, saying “a perfect storm of a more constructive macro outlook and structural repositioning of capex/costs is providing a solid springboard for materially improved financial metrics that are impossible to ignore.” Earlier in the week JPMorgan and Morgan Stanley each upgraded the stock to a buy-equivalent rating.

ExxonMobil (XOM.US) stock has soared 47% in the past three months, as oil prices have rebounded but are down more than 30% over the last year. Stock launched today's session lower, however buyers managed to halt declines at $48.00 support level. Source: xStation5

25 May 2026, 11:50 AM

Market Wrap: Euphoria in the markets💥Are investors betting on an end to the conflict in the Middle East❓

22 May 2026, 3:20 PM

US OPEN: Wall Street Nears Record Highs Ahead of Long Weekend, Powered by AI

22 May 2026, 11:46 AM

Market Wrap: Technology Stocks Keep European Markets Afloat💡

21 May 2026, 6:19 PM

Walmart falls despite strong earnings

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days