SEC reportedly investigating Exxon Mobil on climate change, accounting practices

The Securities and Exchange Commission is reportedly investigating Exxon Mobil.

Dow Jones reported that the investigation is looking into how the company evaluates project costs based on climate change risks as well as its accounting practices.

Exxon shares neared a session low after the report and were last down about 1 percent.

The SEC declined to comment to CNBC.

Exxon did not immediately respond to CNBC's request for comment.

This story is developing. Please check back for further updates.

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SEC reportedly investigating Exxon Mobil on climate change, accounting practices