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February 21, 2014
09:02 EDTXOMExxon Mobil announces 2013 reserves replacement totaled 103%
Exxon Mobil announced that it replaced 103% of its 2013 production by adding proved oil and gas reserves totaling 1.6 billion oil-equivalent barrels, including a 153% replacement ratio for crude oil and other liquids. At year-end 2013, ExxonMobil's proved reserves totaled 25.2 billion oil-equivalent barrels, which was made up of 53% liquids, up from 51% in 2012, and 47% natural gas. Liquid additions during 2013 totaled 1.2 billion barrels, or 153% of production, and natural gas additions totaled 400 million oil-equivalent barrels for a 52% replacement ratio. Excluding the impact of asset sales, reserves additions during 2013 replaced 106% of production.
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