ExxonMobil to Invest at Record Levels to Meet Growing Energy Demand

Exxon Mobil Corporation Chairman and CEO Rex Tillerson today announced plans to invest more than $125 billion in capital spending over the next five years to deliver major projects to help meet growing world energy demand.

‘We will invest record amounts to develop new technology, bring on new upstream projects, increase our base refining capacity and grow our chemical business,’ Mr. Tillerson told analysts at the New York Stock Exchange.