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A brief summary of deal failures and their consequences in the mining industry vs. environmental catastrophes. Complementary Information.

A brief summary of deal failures and their consequences in the mining industry vs. environmental catastrophes. Complementary Information.

Mar 13th, 2014

Deal failures and their consequences in the mining industry vs. environmental catastrophes

After this post showing the share values at 5 years for Hess Corp.,ConocoPhillips,  Royal Dutch Shell plc (ADR),Chevron Corporation and  BP plc (ADR) some of our careful reader have commented that we forgot Exxon as a major oil company. We are going to compare the deal failures and their consequences in the mining industry vs. environmental catastrophes.

Indeed if we graph the previous companies including Exxon we see that both BP and Exxon`share have stagnated in the last 5 years.

deal failures and their consequences in the mining industry vs. environmental catastrophes

Share of Exxon Mobil Corporation, ConocoPhillips, Hess Corp., BP plc (ADR), Chevron Corporation, Royal Dutch Shell plc (ADR) over 10 years.

  • On June 14, 2012, a bleeder plug on a tank in the Baton Rouge Refinery failed and began leaking naphtha, a substance that is composed of many chemicals including benzene.
  • In April 2012, a crude oil pipeline, from the Exxon Corp Baton Rouge Refinery, burst and spilled at least 1,900 barrels of oil (80,000 gallons) in the rivers of Point Coupee Parish, Louisiana.
  • The July 2011 Yellowstone River oil spill was an oil spill that leaked an estimated 750 to 1,000 barrels of oil into the Yellowstone River for about 30 minutes.
  • On March 29, 2013, an ExxonMobil pipeline carrying Canadian Wabasca Heavy crude ruptured in Mayflower, Arkansas, releasing at least 12,000 barrels of oil and forcing the evacuation of 22 homes.

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Category: Consequences, Crisis management, Hazard, Mitigations, Risk management

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