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Commodities Briefing - Categorized | Energy, Investment, Oil more

Exxon plans to invest $29bln in projects this year

Posted on 06 March 2009

From Nytimes.com: Exxon Mobil Corp. said Thursday it plans to increase spending on capital and exploration projects by 11 percent in 2009 and could invest as much as $150 billion over the next five years, even as many smaller rivals scale back operations.

The world’s largest publicly traded oil company also said it could fuel growth another way — by snapping up competitors or partnering with some of the world’s nationalized, state-run oil companies….. Full Article: Source


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