Friday, March 6, 2009

This is how it is supposed to work...

Exxon to Invest Up to $150 Billion Over 5 Years

But in these troubled economic times, one big company is bucking the trend.

Exxon Mobil put on a show of strength on Thursday, pledging to increase investments in coming years, chiding rivals for mistimed acquisitions and reminding everyone it had the financial strength to make headway even as other companies pulled back.

“The question now becomes who can be successful in more challenging times,” Rex W. Tillerson, Exxon’s chairman and chief executive, said at the company’s annual investor presentation at the New York Stock Exchange.

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