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Oil & Gas Corporate Responsibility. We Care.

By Matthew Bertram·

From the ModalPoint Archive. This post dates from 2014, when ModalPoint operated as an oil & gas commercialization advisory founded by Mark LaCour — who remains a ModalPoint strategic advisor today. ModalPoint has since grown into decision intelligence for energy: go-to-market intelligence for selling into oil & gas, plus AI decision governance — see who we are now. The analysis below reflects the industry context of 2014.

Learn how the oil & gas industry cares about corporate responsibility, local communities and helping the underprivileged. Download the corporate responsibility reports for the companies mentioned by clicking:

Chevron
Shell
ExxonMobil

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Oil & Gas Corporate Responsibility. We Care.

Hey, folks. Let’s learn something new about the oil and gas industry.

[Music]

All right. Today’s show is going to be a serious show and it was brought upon by Twitter conversation I had with James. So, James here’s a shout out to you. Thanks for the topic for today’s blog post.

So, today we’re going to talk about something corporate responsibility. Now, there’s a misconception out there that the oil and gas industry doesn’t care about the planet, doesn’t care about the environment, doesn’t care about the local people. That’s completely wrong. It’s bullshit, right?

The oil and gas industry cares and it cares a lot. The issue is that the oil and gas industry isn’t real plug in to social media, it doesn’t pat itself on the back publicly. So for over a hundred years, we’ve been helping local organizations, local communities, and people, but nobody knows that we do it, so let’s throw some numbers at you, right?

So Chevron last year spent $275 million on corporate responsibility, Shell spent $159 million, and ExxonMobil spent $269 million. Now, that’s money on top of the jobs they create on local communities, the suppliers they help stand up in the local communities in trying to robust b business, the taxes they pay in the local communities all over the world, right?

So, hopefully this helps you understand a little bit better that this industry cares. I mean, even my own group, the API – American Petroleum Institute, we stood up trade schools and underprivileged high schools. Basically, these kids had no chance, right? They’d be gangbangers by the time they are fifteen, probably dead by the time they are twenty five. And we went in and actually taught them a vocation. And so far, knock on wood a hundred percent of them had been hired by the oil and gas industry. They have a future now, right?

And we also fund scholarships for the underprivileged youth, right? So they can go to college and get a degree, so they can enter the workforce, they can be productive, and they can be happy. We don’t advertise this, but almost a hundred percent of money goes to those type of corporate responsibility actions.

So, we’re going to throw some links up on the show for the corporate responsibility report for the companies that we just mentioned. Feel free to browse through them yourself. But hopefully this gives you a better understanding that this industry really does care about everything, right? It’s just we don’t go around tooting our own horn.

So hopefully this helped. We will see you next time.

mark lacour

ModalPoint Editorial

ModalPoint Editorial is the byline for content published by the ModalPoint team — a Houston-based decision-intelligence advisory and division of EWR Digital. ModalPoint helps technology, equipment, and software companies sell into oil and gas, pairing go-to-market intelligence grounded in how the energy industry decides with AI decision governance (DIG) for a defensible record.

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