HOUSTON, Feb. 16 -- Exxon Mobil Corp., the world's largest oil company, announced on Monday that its proved reserves base in 2008 increased 0.4 percent to the equivalent of 22.8 billion barrels of oil, enough to sustain current production levels for 15.3 years.
"Exxon Mobil continues to make quality reserves additions, " said Rex W. Tillerson, chairman and chief executive officer of the oil giant.
Proved additions were made in a diverse range of countries including Canada, the United States, Norway, Nigeria, Angola and Australia, according to news release from the Iring, Texas-based company.
Adding new reserves ensures the company to develop new supplies of energy that will be critical to help meet the world's growing needs into the future.
Exxon Mobil plans to boost capital spending by as much as 5 billion dollars in 2009 to expand operations, including the world's largest collection of refineries, while rivals retrench.
"Exxon Mobil continues to make quality reserves additions, " said Rex W. Tillerson, chairman and chief executive officer of the oil giant.
Proved additions were made in a diverse range of countries including Canada, the United States, Norway, Nigeria, Angola and Australia, according to news release from the Iring, Texas-based company.
Adding new reserves ensures the company to develop new supplies of energy that will be critical to help meet the world's growing needs into the future.
Exxon Mobil plans to boost capital spending by as much as 5 billion dollars in 2009 to expand operations, including the world's largest collection of refineries, while rivals retrench.
