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Global Upstream portfolio

ExxonMobil’s high-quality portfolio, investment discipline, and operational excellence have delivered industry-leading results for decades. We have a globally diverse inventory of nearly 100 projects spanning all development types. We continue to advance these opportunities selectively, focusing on those that provide the most attractive returns. For producing assets, we maximize value by focusing on reliability, cost reductions, and improved recovery.

Production volumes

We produced 4 million net oil-equivalent barrels per day in 2017.

We continue to focus our portfolio on higher-margin barrels. In 2017, our total production was 57 percent liquids and 43 percent natural gas. Our successful exploration activities, strategic acquisitions, and new project developments will further strengthen the portfolio to drive future value growth.

Total net production of 4 million oil-equivalent barrels per day exceeds competition.

179 Kbd produced in Kashagan offshore production and separation hub

Key activities to bring on new volumes in 2018 include ramp-ups at Odoptu Stage 2, Upper Zakum, and Hebron; continued global drilling programs; and start-up of Angola Block 32 Kaombo. We also plan aggressive development of our large, liquids-rich unconventional resources in the United States, with a focus on the Permian Basin and Bakken formation. We have a deep inventory of opportunities in these tight-oil plays that yield attractive returns at prices below $40 per barrel.

Kashagan Phase 1
Photo — Kashagan Phase 1 includes an offshore production and separation hub on an artificial island, several drilling islands, and an onshore processing plant.

Upstream statistical information

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