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SEC launches probe of Exxon on Permian Basin asset valuation: WSJ
Reuters The U.S Securities and Exchange Commission has launched an investigation of Exxon Mobil Corp , following a whistleblower complaint that the oil major over-valued a key asset in the top U.S. shale field, the Wall street Journal reported on Friday. Exxon Chief Executive Darren Woods has pinned much of the company’s growth prospects on the Permian Basin in Texas