19 April 2024
Exxon Mobil to invest $185 billion in projects over next five years
Publication date: 09 March 2012
Gas Strategies Group
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Exxon Mobil announced on Thursday it would increase spending to bring several large projects online, despite expectations its oil and natural gas output would fall by 3% in 2012. Nevertheless, the company expects production to grow by an average of 1-2% annually through to 2016.