Please ensure Javascript is enabled for purposes of website accessibility

Exxon Soaks Up Recent Oil Spill With Cash

By Tyler Crowe and Aimee Duffy - Apr 25, 2013 at 5:29PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Let's get this thing cleaned up really fast before it garners too much media attention.

The recent Pegasus Pipeline spill in Arkansas has put the energy sector on the edge a little, and so ExxonMobil (XOM 0.14%) is trying hard to make this story go away by offering compensation to residents of the area where the spill took place. With the fate of TransCanada's (TRP 0.28%) pipeline still hanging in the balance, the energy industry wants this story to go away, fast.

Obviously, stories like this bring up the safety and reliability of America's pipeline system. But there are also consequences to pipeline alternatives such as rail. From last month's oil sands rail spill in Minnesota to the Burlington Northern Santa Fe explosion in 2008, rail poses some risks as well. In this video, contributor Tyler Crowe talks to Aimee Duffy about some of the problems with America's current pipeline system and the risks for alternative transportation of oil.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Exxon Mobil Corporation Stock Quote
Exxon Mobil Corporation
$96.44 (0.14%) $0.14
Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
$470,146.09 (1.57%) $7,256.09
TC Energy Corporation Stock Quote
TC Energy Corporation
$57.00 (0.28%) $0.16
BP p.l.c. Stock Quote
BP p.l.c.
$32.61 (0.74%) $0.24

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/26/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.