Exxon Mobil’s 2012 Oil And Natural Gas Output to Decline 3%

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.

Click here to read the full Reuters report.