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>> EXXON MOBIL Latest News

MAR 05, 2014 - Boston Herald

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Exxon to cut spending but sees production rising

NEW YORK — Exxon Mobil says it will cut capital spending by 6 percent this year but still boost production of liquids such as oil by 2 percent.The nation's biggest oil company said Wednesday that it will spend $39.8 billion on energy projects and other costs this year, down from $42.5 billion last year.Exxon says if it doesn't make acquisitions, annual spending will average less than $37 billion from 2015 to 2017.

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