10:27 AM Exxon Mobil (XOM +0.2%) says new shale projects in the U.S. and heavy-oil developments in Canada helped add 1.8B barrels to its reserves last year, enough to replace 115% of total output and 174% of its crude and liquids production. XOM returned to having more than half its reserves in liquids instead of gas; at year-end 2012, reserves were 51% liquids and 49% gas, a reversal of 2011. Read comments
XOM price at time of publication: $88.68. Check XOM price now »
Focus Articles on XOM
- Exxon Brings Russia's Rosneft To Alaska by Sarfaraz A. Khan
- Exxon Mobil: Overvalued According To Net Asset Value? by Vinayak Maheswaran
- Exxon Mobil Vs. Chevron: The Ultimate Comparison by Aristofanis Papadatos
Press Releases on XOM
- ExxonMobil Encourages Girls to Envision Careers in Math and Science (Business Wire)
- ExxonMobil Foundation Funds Summer Jobs Program to Aid Dallas County Nonprofit Agencies (Business Wire)
- Exxon Mobil Corporation Announces 2012 Reserves Replacement Totaled 115 Percent (Business Wire)
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Transcripts on XOM
- Exxon Mobil Management Discusses Q4 2012 Results - Earnings Call Transcript
- Exxon Mobil's Management Discusses 2013 Energy Outlook Conference Call (Transcript)
- Exxon Mobil's Management Discusses Q3 2012 Results - Earnings Call Transcript
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