OGJ Newsletter

03/19/2012
GENERAL INTEREST — Quick Takes ExxonMobil to invest $37 billion/year through 2016 ExxonMobil Corp. plans to invest $185 billion over the next 5 years to develop new supplies of energy to meet expected growth in demand, Chairman and Chief Executive Officer Rex W. Tillerson announced Mar. 8 in a presentation to investment analysts at the New York Stock Exchange. Tillerson noted that even with significant efficiency gains, ExxonMobil expects global energy demand to increase by 30% by 2040, compared with 2010 levels. Demand for electricity will make natural gas the fastest-growing major energy source, and oil and gas are expected to meet 60% of energy needs over the next 3 decades, he said....
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