Production is expected to reach 110,000 barrels per day, bringing total production to 220,000 barrels per day.
Exxon Mobil Corp Mining News
Total price tag at $18.82 billion.
Perhaps looking to take advantage of Buffett's loyal following, oil sands junior Strata Oil & Gas, released a statement on Thursday to spread the word about Buffett's Exxon buy.
Green Century Capital Management filed a shareholder resolution with ExxonMobil to disclose information about its investments in Canadian oil sands, Triple Pundit reported on Thursday. By the end of last year, ExxonMobil’s total proved reserves in the oil sands were over 2.78bn barrels — just over 11% of the company’s total proved reserves, according to a press release by Green Century. Canada’s oil sands which is expected to become the primary source of crude to the US have attracted intense scrutiny in recent days as the US Congress heard submissions about the extension of the Keystone XL pipeline from Alberta to Texas.