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1. Given that its peers all wrote down the value, including Shell, BP and etc. Given GAAP comparability, Exxon should...

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1. Given that its peers all wrote down the value, including Shell, BP and etc. Given GAAP comparability, Exxon should...

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2. According to SEC, climate change may lead to decline in fossil fuel needs in the future. It would definitely change Exxon's future cash flow.

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Since the estimated net future cash flows are lower, then the value of the assets should also be lower.

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It should impair its reserves to reflect their value, which has been lowered because of oil and gas prices and the global response to climate change.

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Exxon need to write down since this will lead to the lower asset

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Exxon need to write down since this will lead to the lower asset

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Exxon needs to impair their reserves because we are in a time of change where future value is uncertain

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Exxon needs to impair their reserves because we are in a time of change where future value is uncertain

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exxon should not base their evaluation on something that is unkown to happen in the future especially if other companies aren't doing that

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Exxon should be writing down its oil and gas reserves as its competitors. However, it should not in response to climate change, lack of current concrete regulations would be hard to make a quality value assessment.

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I think Exxon should write down for better comparison with other companies that are in the same industry.

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By not impairing, Exxon is not being neutral and the company’s assets lack comparability to other companies’ similar assets

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Base on evaluation of assets. Should write down to actual

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Base on evaluation of assets. Should write down to actual

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There is no evidence to guarantee that reserves will not be used in the future; this is just a concern that analysts have.

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Exxon should impair their oil/gas reserves as the rising costs of compliance with emission regulations provide almost certain expenses in future cash flows. Therefore, impairment may be necessary as regulatory costs are probably guaranteed for future cash flows.

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Exxon should write it down as an impairment loss because there might not be less use of fossil fuels in the future compared to now, but other sources will be utilized and a higher increasing rate.

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in order to be comparable to other companies in its industry

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Since all the competitors of exxon are writing down the oil and gas reserves it would be best for comparibility reasons for Exxon to also impair the reserves

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Once you've written down impairments you don't reasses them

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Yes because it needs to be comparable to other companies and investors should know what is actually going on

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exxon should write it down since the value changed

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Exxon’s reason was that they were being conservative in their initial valuation, so I think it’s odd that they would argue this way when the future cash flows are what really drive the impairment.

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Since expected future cash flows decrease

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Exxon should not use impairment, since the impairment itself is not clear.

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Once you write down an impairment you don't reassess it

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As there assumption is not perfect

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it is impossible to predict the price change.

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it is impossible to predict the price change.

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Is this uploaded tho?!?