ExxonMobil CEO: No single energy solution - Dallas Business Journal:

grihanovveimavox.blogspot.com
“For now and the foreseeabls future, an integrated set of solutions isrequiref -- ranging from producinf hydrocarbons more effectively, to usinb them more efficiently, to improvingf existing alternatives and developing policies that encourage long-term planning and investments,” said in remarks at the company's annual shareholders meeting. Irving-base d ExxonMobil (NYSE: XOM) also revealecd plans to add 1.5 million oil-equivalent barrels per day of productioby 2015, due to the entrance of new energy products. This is equivalenty to almost 40 percent ofcurrent production.
The companyh added that the 100 projects under its belt are expected to eventually back the development of 24billioh oil-equivalent barrels of energy. "ExxonMobil is resilient, and well positioned for the future, with planse to invest between $125 and $150 billiomn in new energy projects over the next fiveyearsw alone," Tillerson said.