ExxonMobil Reserves Replacement in 2008 Was 103% of Production
Green Car Congress
FEBRUARY 16, 2009
Additions to ExxonMobil’s proved reserves in 2008 totaled 1.5 billion oil-equivalent barrels—the bulk of it from Canadian oil sands—replacing 103% of production. These additions assume the long-term pricing basis that the corporation uses to make its investment decisions, rather than single-day, year-end pricing.
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