ExxonMobil Details Risk Management Practices for Unconventional Resources Development
September 30 2014 - 3:30PM
Business Wire
ExxonMobil today released a report that outlines for
shareholders how the company assesses and manages risks associated
with developing unconventional resources, including through
hydraulic fracturing.
“Hydraulic fracturing has been responsibly and safely used by
the oil and gas industry for more than 60 years, but the
process isn’t without risks,” said Jeffrey Woodbury, vice
president of Investor Relations. “This report to
shareholders details how ExxonMobil uses sound risk management
processes and engages with stakeholders to ensure safe and
environmentally responsible operations.”
Unconventional natural gas and oil development in the United
States has resulted in widespread benefits, including significant
job creation, reduced carbon dioxide emissions, lower energy costs,
new sources of government revenue and improved energy security. The
report highlights numerous studies that support these trends.
The report presents information on how the application of sound
risk management practices that protect human health and the
environment can be deployed to continue supporting the significant
benefits of resource development.
Release of the report is part of an ongoing dialogue between
ExxonMobil and its shareholders about important matters. The report
to shareholders is available at www.exxonmobil.com/hfreport.
Additional information about unconventional resources development
and hydraulic fracturing can be found in ExxonMobil’s Outlook for
Energy and Corporate Citizenship Report on ExxonMobil’s website
www.exxonmobil.com.
Cautionary Statement: Statements of future events or conditions
discussed in The Outlook or this release are forward-looking
statements. Actual future conditions (including economic
conditions, energy demand, international trade flows, energy supply
sources, impacts of new technology, and efficiency gains) could
differ materially due to changes in law or government regulation
and other political events; changes in technology; the development
of new supply sources; demographic changes; and other factors
discussed in The Outlook and under the heading "Factors Affecting
Future Results" on the Investors page of our website at
www.exxonmobil.com. See also Item 1A of ExxonMobil's latest Form
10-K.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is the largest refiner and marketer of
petroleum products, and its chemical company is one of the largest
in the world. Follow ExxonMobil on Twitter at
www.twitter.com/exxonmobil.
ExxonMobilMedia Relations, 972-444-1107
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