Finance / United States
Exxon Raises Capex, Bets On Gas
March 2010 | Company News AlertUS oil major ExxonMobil has unveiled its near and mid-term capital expenditure (capex) plans, putting its emphasis on gas. Boosted by the US$31bn acquisition of shale specialist XTO Energy, Exxon is expecting gas to provide the bulk of its long-term output growth.
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