Exxon Mobil (XOM -0.3%) anticipates major project start-ups will deliver 1M oil-equivalent...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM -0.3%) anticipates major project start-ups will deliver 1M oil-equivalent barrels over the next five years, CEO Rex Tillerson tells analysts. Output of crude oil and other liquids is expected to increase by an average 4%/year in 2013-17, as the production starts at 28 major projects. XOM plans to invest ~$190B over the next five years to meet growing energy demand.