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from @jll+18d7xKkk
Not to mention the "largest write-down in company history" only wrote down stranded gas assets that we should have written down 10 years ago after natural gas prices crashed. They didn't even write down the value of any Kearl or other high-cost upstream assets! 8K disclosure: https://ir.exxonmobil.com/static-files/7a03cd47-cc4f-46b0-984e-db6c2d6e4f0c
SEC should investigate. #Enron here we come.
Not to mention the "largest write-down in company history" only wrote down stranded gas assets that we should have written down 10 years ago after natural gas prices crashed. They didn't even write down the value of any Kearl or other high-cost upstream assets! https://ir.exxonmobil.com/static-files/7a03cd47-cc4f-46b0-984e-db6c2d6e4f0c
SEC should investigate. #Enron here we come.