Given investor concern about its potential growth, Exxon Mobil, the largest oil company in the world with publicly traded, reported its short and long-term plans for the coming years. According to the US company, the growth projects are expected to increase the company's production by 2020 between 4 million and 4.4 million barrels of oil equivalent per day.
In 2016, Exxon produced 4.1 million barrels of oil equivalent per day. However, the company failed to replace 100% of its oil and gas reserves for new projects. In order to calm things down, the company did praise to their short-term projects started in North Dakota and Texas.
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