Jim Cramer: Regulators Unfairly Attacking Exxon

Exxon Mobil (XOM) - Get Report is a conservative company when it comes to its accounting and regulators should spend their time elsewhere, said TheStreet's Jim Cramer. Shares of Exxon Mobil were down yesterday as the SEC investigates how the oil and natural gas giant values its assets following the steep decline in oil prices. The probe is also looking into how the Irving, TX-based company approximates the future costs of adhering to increasingly strict climate change regulations, sources told the Journal. The federal agency last month sought information from Exxon and its auditor, PricewaterhouseCoopers. The SEC has also been reviewing documents from a similar ongoing investigation by New York State Attorney General Eric Schneiderman.