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ExxonMobil is going to spend a huge amount of money looking for oil this year
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Friday, March 12, 2010
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From Newsmax:

Exxon Mobil said Thursday it will boost spending this year on new and existing projects even as some rivals pull back because of weak global demand for energy.

Chairman and CEO Rex W. Tillerson told analysts during a meeting in New York that the world's largest publicly traded oil company intends to boost capital spending by 3 percent to about $28 billion. Spending should range between $25 billion and $30 billion a year on average through 2014.

Tillerson said global energy demand…

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Topics: Energy | ExxonMobil | Commodities
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