Exxon Mobil Corporation Plans to Invest $38 Billion a Year on Average Over the Next Five Years

摘要

Exxon Mobil Corporation is planning to invest the considerable sum of $190 billion over the next five years, the U.S. company's Chairman and Chief Executive Officer, Mr. Rex W. Tillerson, indicated on 6 March. He explained that this "unprecedented" level of investment, amounting to an average of $38 billion a year, was warranted in view of the growth in world energy demand and the quality of the company's international portfolio, which offered it very interesting opportunities, especially in the area of hydrocarbon exploration and development. He added that it was also necessary to develop new technologies that would enable the company to increase its supply of traditional fuels and move forward the development of new energy sources. ExxonMobil intends to invest $41 billion in 2013.