EnergyFactor By ExxonMobil | Pespectives has a new home

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Last week, we announced three oil and gas discoveries in the Gulf of Mexico totaling an estimated 700 million barrels of oil equivalent – one of the largest discoveries there in the last decade.

I know the media has been focusing a lot on oil lately, and understandably so given prices at the gas pump. But often overlooked is oil’s broader use throughout our economy – in often surprising ways. Put simply, oil is fundamental to almost every aspect of modern life. In addition to producing gasoline and other transportation fuels, oil also is used to make an array of products essential to the way we live – everything from life-saving medical equipment to the plastics used in computers and cell phones.


A new study from the U.K. backs up what industry experts and others have been saying for years: that the hydraulic fracturing (or “fracking”) process used to produce shale gas and some other types of natural gas does not pose undue risks to the environment. The study was produced by the U.K. Parliament’s House of Commons Energy and Climate Change Committee.

As one of the world’s leading energy companies, ExxonMobil has a clear responsibility to safely and reliably supply the energy that helps meet growing global needs. But our responsibilities don’t end there. Our operations span six continents, and our employees live and work in communities around the world. How we interact with and support these communities is critical to how we measure our performance as a global, corporate citizen.


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