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.
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