February 2005
Investment Dealers' Digest;2/28/2005, Vol. 71 Issue 8, p36
Trade Publication
The article presents information on the recent developments related to investment banking in the energy and power sector. Exxon Mobil Corp. became the latest energy giant to report that it ended 2004 with lower fossil-fuel reserves than it had at the start of the year — although the Irving, Texas, company dismissed the figures as an accounting anomaly. The U.S. Securities and Exchange Commission, fresh from scrutinizing how oil and natural-gas companies book their reserves, is requesting that oil companies divulge more in their accounting for exploratory drilling and the swapping of energy stockpiles among companies.


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