Capital investments to meet future energy needs

Meeting growing global energy demand requires sustained investments, through periods of both low and high commodity prices.  ExxonMobil plans to invest at record levels in 2010 -- and between $25 billion to $30 billion annually over the next five years.

• The International Energy Agency estimates that approximately $11 trillion in new investments in oil and gas supplies will be needed in the 2008 to 2030 timeframe, averaging $480 billion per year.
• ExxonMobil plans to invest at record levels through the current business cycle, including a projected $28 billion this year - following our investment of $27 billion in 2009.   Over the past five years we have invested over $110 billion.
• We are committed to sustaining investments in our current portfolio of 130 development projects globally in order to meet growing energy needs.  In 2009 we started up eight major projects, which will produce almost 400,000 net oil-equivalent barrels per day this year.  An additional 12 projects are expected to start production between 2010 and 2012.
• For the 25 year period (1985 through 2009), ExxonMobil's capital and exploration expenditures totaled $377 billion, essentially equaling our cumulative earnings of $382 billion over the period.