A popular exchange traded fund that uses complex derivatives to track oil is being investigated by U.S. regulators over whether its risks were properly disclosed to investors, scrutiny triggered by crude’s historic slump during the coronavirus crisis, said three people familiar with the matter.
Eni has reached a deal with the US Securities and Exchange Commission (SEC) to pay a fine to resolve sham payments in Algeria by Saipem.
The Trump administration dropped a two-year-old accounting probe into Exxon Mobil Corp.’s valuation of its reserves and public disclosures about climate change, while inquiries by two Democratic-led states continue.
The federal government charged Houston-based Energy XXI founder John Schiller on Monday with failing to disclose more than $10 million in personal loans and perks from corporate vendors and board members in exchange for contracts and appointments.
Exxon Mobil Corp.’s accounting has prompted a U.S. Securities and Exchange Commission investigation into whether the energy giant should have written down assets as a result of the oil slump, according to a person with knowledge of the matter.
The US SEC (Securities and Exchange Commission) has decided both oil giants ExxonMobil and Chevron must allow a shareholder vote on a proposal they should conduct analysis on the financial impact any climate change regulation would have on their operations.
Hyperdynamics Coporation has agreed a settlement deal with the US Securities and Exchange Commission (SEC) regarding an investigation into improper payments made by a subsidiary working in Guinea. The SEC had issued a subpoena to the Houston-based company concerning possible violations of the Foreign Corrupt Practices Act (FCPA).