Exxon Mobil Adds 2.7 Billion Barrels to Reserves Last Year

   By Allison Prang

Exxon Mobil Corp. said it added 2.7 billion oil-equivalent barrels of proved oil and gas reserves last year and that it ended the year with 21.2 billion oil-equivalent barrels.

Liquids were a larger part of the of the reserves last year, making up 57%, compared with 53% in 2016.

The oil company said that during 2017 it added 9.8 billion oil-equivalent barrels to its resource base. The total size of that base at the end of the year was about 97 billion oil-equivalent barrels. Last year's addition is the most the company has added since 2010 when it bought XTO Energy, the company said.

Shares of Exxon Mobil were up 0.4% premarket. In the past year, they have fallen 5.6%.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

February 08, 2018 09:43 ET (14:43 GMT)

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