Wednesday, May 26, 2010

Exxon Mobil (NYSE:XOM) Continues BP (NYSE:BP) Aid

With the best interests of the oil industry at stake, Exxon Mobil (NYSE:XOM) continues to help BP (NYSE:BP) in attempting to contain the Gulf of Mexico oil spill.

Exxon Chairman and CEO Rex Tillerson tooted his horn for his company a little more, saying that the drilling plans of Exxon are built to "anticipate risk at every step of the operation," when talking a the annual shareholder meeting of the company.

This probably was an attempt to calm investor fears on the consequences to their share value if Exxon was to experience a similar incident, which they of course have in the past.

Exxon has several new offshore drilling projects ready to launch, including some in the Beaufort Sea, which is off the coast of Alaska and Canada.

Details on how Exxon was helping BP with the Gulf oil spill weren't given.

1 comment:

  1. Why not to use the air cushions that been used

    in case of earth quake to lift the buildings debris .

    To insert such a cushion by robot and then to inflate

    with compressed air and in the same time to block completely with concrete.