ExxonMobil Plans More Than 20 Project Start-ups Through 2009

Exxon Mobil Corporation Chairman and CEO Rex Tillerson told analysts March 7 at the New York Stock Exchange that the company expects to start up more than 20 new global projects in the next three years that, at peak, are expected to add 1 million oil equivalent barrels per day to ExxonMobil's base volumes. The project inventory at year-end 2006 is expected to develop 24 billion oil-equivalent barrels net to ExxonMobil.

Tillerson noted that ExxonMobil's financial strength, technological expertise, and superior resource base allow it to meet the challenges of today's increasing demand for energy while delivering industry-leading returns.

"Market and geopolitical forces continue to shape the environment in which we operate," said Tillerson. "Our view of what it takes to be successful in this industry has not changed. It requires consistency, integrity, discipline, reliability and ingenuity. ExxonMobil has these qualities in abundance."

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Posted 12/03/07

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