EXXONMOBIL TO SPEND $34 BILLION THIS YEAR AS IT RAISES OUTPUT

ExxonMobil, the largest U.S. oil company, said it plans to spend $100 million per day over the next five years to increase its oil output.
ExxonMobil, currently the largest company in the world by market capitalization, said it will spend $34 billion this year and between $33 and $37 billion per year through 2015 to increase its production.
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Source: Zacks