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ExxonMobil plans five-year investment of $185B to develop new energy supplies; 21 major oil and gas projects to begin production between 2012 and 2014

Green Car Congress

Exxon Mobil Corporation plans to invest approximately $185 billion over the next five years to develop new supplies of energy to meet expected growth in demand, Chairman and CEO Rex W. To help meet that demand, ExxonMobil is anticipating an investment profile of approximately $37 billion per year through the year 2016.

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

Chevron Corporation announced a $32.7 First production is expected in 2016. Kazakhstan/Russia: Caspian Pipeline expansion. Expenditures of approximately $600 million in 2012 are budgeted for technology, power generation and other corporate activities. billion capital and exploratory spending program for 2012.

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