Capex Data
ExxonMobil plan to raise 2008 capital spending to more than $25 billion to cope with escalating costs for drilling rigs and engineers. The company will increase spending on exploration, refineries and chemical plants by more than 20 percent from $20.85 billion in 2007.
ExxonMobil expects to spend $125 billion during the next 5 years on pipes, vessels, exploration leases and other items.
Future Plans
ExxonMobil plans to take part in the start-up of 19 new oil and gas projects by 2010, which should add about 725,000 barrels of oil equivalent per day at their peak, with 12 major projects to start production in 2008.