Financial Times | Exxon Concedes It May Need to Declare Lower Value for Oil in Ground New York Times HOUSTON — Exxon Mobil, in a concession to market and regulatory pressures, said Friday that it might be forced to write down the value of some of its oil and gas assets in Canada and elsewhere if energy prices remain low through the end of the year. ExxonMobil on course to cut reported proved oil reserves by 19% Oil Slump Remains a Drag on Exxon, Chevron Profits Are Still Tumbling At America's Big Oil Companies |