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Exxon Mobil to produce extra million barrels of oil a day

Exxon Mobil Corp. said Wednesday it will spend some of its record profits on more than 20 new global projects in the next three years, investments expected to add 1 million oil-equivalent barrels a day to the company's volumes at peak production, according to the Associated Press.
Chairman and CEO Rex Tillerson said the company's capital spending would be about $20 billion a year through the end of the decade. The company's capital spending tab in 2006 was nearly $20 billion, up $2.2 billion from 2005.

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