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Exxon Mobil’s 2012 Oil And Natural Gas Output to Decline 3%
Mar. 08, 2012 12:30PM PST
Oil and Gas InvestingReuters reported that Exxon Mobil Corp (NYSE:XOM.N) 2012 oil and natural gas output is expected to decline 3 percent from 2011 since the company plans to spend a huge amount towards nine major project startups.
Reuters reported that Exxon Mobil Corp (NYSE:XOM.N) 2012 oil and natural gas output is expected to decline 3 percent from 2011 since the company plans to spend a huge amount towards nine major project startups.
As quoted in the market news:
Exxon, the world’s largest nongovernment-controlled producer of oil and gas, saw production rise 1 percent last year to 4.5 million barrels of oil equivalent (BOE) per day.