UPDATE 1-Exxon expects annual investment of $37 bln a year
Feb 24 (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, expects to invest about $37 billion annually for the next several years, according to its annual report.
That compares with a previous capital expenditure range of $33 billion to $37 billion given in its annual filing a year ago.
"Capital and exploration expenditures in 2011 were $36.8 billion, reflecting the corporation's continued active investment program," Exxon said in the annual report, out on Friday.
"The corporation anticipates an investment profile of about $37 billion per year for the next several years. Actual spending could vary depending on the progress of individual projects."
- U.S.'s Kerry expresses regret to India over diplomat case |
- Mega Millions winners in Georgia, California to split $648 million |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Fed cuts bond buying in first step away from historic stimulus |