November 2012, Vol. 239 No. 11

Features

ExxonMobil Plans Five-Year Investment of $185 Billion To Develop New Energy Supplies

ExxonMobil plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. Tillerson said recently in a presentation at the New York Stock Exchange. “During challenging times for the global economy, ExxonMobil continues to invest to deliver the energy needed to underpin economic recovery and growth,” Tillerson told investment analysts. He said that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared to 2010 levels. Demand for electricity will make natural gas the fastest growing major energy source and oil a

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