Exxon agrees to disclose fracking risks

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM +0.1%) agrees to publicly disclose more details on the risks of fracking, reversing a long-held resistance after negotiations with environmental groups and investors.

XOM's report, expected in September, will cover how the company manages risks from fracking in shale rock formations, including impacts to air quality, water and chemical usage as well as damage to roads; the report will not include data on methane that leaks from its operations into the atmosphere.

After publishing earlier this week a report on how it would be affected by regulations limiting carbon emissions, the new disclosures clearly mark a change in tone for XOM.