Exxon Supports SEC Proposal to End Mandatory Quarterly Reports

1 sourceFirst reported 11 days agoUpdated 11 days ago

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ExxonMobil Holdings Corp. has expressed support for a U.S. Securities and Exchange Commission proposal to eliminate mandatory quarterly financial reporting in favor of semiannual disclosures.
This position contrasts with the majority of responses the SEC received during its request for comments on the proposal.
The SEC's initiative is part of a broader discussion on the frequency of financial reporting by public companies.
Exxon's endorsement reflects its view on the potential benefits of reducing reporting frequency for companies.
The proposal is currently under consideration by the SEC and has not yet been implemented.

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Exxon Supports SEC Proposal to End Mandatory Quarterly ReportsBloomberg · 11 days ago

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ExxonMobil Holdings Corp. has expressed support for a U.S. Securities and Exchange Commission proposal to eliminate mandatory quarterly financial reporting in favor of semiannual disclosures.
This position contrasts with the majority of responses the SEC received during its request for comments on the proposal.
The SEC's initiative is part of a broader discussion on the frequency of financial reporting by public companies.
Exxon's endorsement reflects its view on the potential benefits of reducing reporting frequency for companies.
The proposal is currently under consideration by the SEC and has not yet been implemented.

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