Exxon Mobil Corporation and Affiliated Companies, f.k.a. Exxon Corporation and Affiliated Companies - Page 51

                                       - 51 -                                         
          unrelated to the years in which oil production ceases, the wells            
          are plugged, and DRR costs are incurred.                                    
               We sustain respondent’s determination that Exxon’s attempted           
          accrual of $24 million in estimated well-site DRR costs as                  
          current business expenses in the years wells are drilled would              
          result in a distortion of Exxon’s income.                                   

                                        Decisions will be entered                     
                                   under Rule 155.                                    

Page:  Previous  32  33  34  35  36  37  38  39  40  41  42  43  44  45  46  47  48  49  50  51