ExxonMobil 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."
According to a release from the company, 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.
Bristol-Myers Squibb To Settle $1.4B In Pension Obligations To Prudential
Advisor News
- How can more Americans achieve financial independence?
- Savers vs. spenders: How money management attitudes impact financial confidence
- Demonstrating the value of life insurance to Gen Z
- Poor money habits are a dealbreaker in a new relationship
- DC plan sponsors see opportunity in alternatives
More Advisor NewsAnnuity News
- The next growth phase in life/annuities depends on modernization
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
- KBRA Assigns Rating to TruSpire Retirement Insurance Company
More Annuity NewsHealth/Employee Benefits News
- Senators press healthcare insurers over denials
Senators press UnitedHealthcare and other Medicare Advantage giants over payment denials
- Scott’s Executive Order on Health Insurance – Julie Wasserman
- 'Pray nothing major happens'
- Wyoming families are facing an impossible choice: Pay for health insurance or pay the bills
- Doctors 'Cringe' At Possibility Of Documenting Which Medicaid Enrollees Too Sick To Work
More Health/Employee Benefits NewsLife Insurance News
- Horace Mann Strengthens Customer Relationships and Accelerates Long-Term Growth Through Transactions with Medical Mutual of Ohio
- Regulators: ‘No firm conclusions’ from first offshore reinsurance filings
- Allianz Life Study Finds Americans Struggle to Shift From Retirement Saving to Spending
- The next growth phase in life/annuities depends on modernization
- How can more Americans achieve financial independence?
More Life Insurance News