Oil and gas companies believe risks associated with rising oil and gas prices and regulatory changes, including those related to greenhouse gas emissions, hydraulic fracturing and tax incentives, pose the greatest threat to their businesses. According to a report by BDO USA, LLP, a leading accounting and consulting organization, these two risks were cited by all (100%) of the 100 largest U.S. oil and gas exploration and production (E&P) companies in their 10-K SEC filings this year. With fallout over the Deepwater Horizon spill, nearly all companies (97%) list operational hazards, such as blowouts, spills, injury and loss of life, as top risks. Disruptions due to natural disasters or extreme weather conditions are high on the list of concerns as well (96%). Having enough insurance coverage to mitigate the liability of such disruptions is also a primary risk stated by 87% of companies.
展开▼
