Feb 27 Exxon Mobil Corp expects annual
capital expenditures of about $38 billion over the next several
years, a figure that is 4.5 percent lower than 2012 spending,
according to a regulatory filing.
Moderating crude oil prices and low gas prices are prompting
many exploration and production companies to hold the line on
spending in 2013 following several years of robust growth.
Exxon's spending last year also included about $3 billion in
spending on acquisitions, it said earlier this month.
Exxon said its expects spending to be about $38 billion "for
the next several years," below the $39.8 billion it spent in
2012, the world's largest oil company said in its annual filing
with the U.S. Securities and Exchange Commission.
The Irving, Texas company is expected to provide details
about its planned investments when it holds a meeting with
analysts in New York on March 6.