March 1, 2017 / 1:50 PM / 5 months ago

BRIEF-Exxon Mobil says 2017 capital and exploration expenses $22 billion

1 Min Read

March 1 (Reuters) - Exxon Mobil

* Exxon Mobil - 2017 capital and exploration expenses of $22 billion

* Exxon Mobil - five major upstream startups over next two years to contribute 340,000 oil-equivalent barrels of working interest capacity

* Exxon Mobil - 2017 capital and exploration expenses of $22 billion

* Exxon Mobil - has an inventory of more than 5,500 wells in Permian and Bakken with a rate of return greater than 10 percent at $40 a barrel

* Exxon Mobil says expects startup of five major upstream projects in 2017 and 2018

* Exxon Mobil - Guyana startup is expected by 2020, less than five years after initial discovery well

* Says capital and exploration expenses through end of decade will average $25 billion annually

* Exxon Mobil - 2017 capital spending expectation is an increase of 16 percent from 2016

* Exxon Mobil - over one quarter of planned spending this year will be made in "high-value, short-cycle" opportunities, including Permian, Bakken basins Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below