$185Bln ExxonMobil spend

Written by  John McKay
Thursday, 08 March 2012
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March 8 (LNGJ) - ExxonMobil said it plans to invest around $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and Chief Executive Rex W. Tillerson said in a presentation at the New York Stock Exchange. The US major spending will include LNG investments in the Asia-Pacific region, including Australia and Papua New Guinea.

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