Exxon outlines risk management processes for unconventional resources development

ExxonMobil issued a report outlining 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, ExxonMobil said in a statement.

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, the company added.

The report can be viewed here.

Press Release, October 1, 2014; Image: ExxonMobil