The Irving, Texas, company said additions to its worldwide proved oil and gas reserves totaled 1.7 billion oil-equivalent barrels in 2005, excluding the effects of using single-day, year-end pricing. Production totaled 1.5 billion oil-equivalent barrels in 2005, with 917 million barrels of liquids and 3.7 trillion cubic feet of gas produced.
"This represents the 12th consecutive year of greater than 100% reserves replacement," said CEO Rex Tillerson. "The annual reporting of proved reserves is the product of our long-standing, rigorous process within the corporation, which ensures consistency and management accountability with respect to all reserves bookings. This process, combined with our disciplined investment strategy and strong project portfolio and execution capabilities, is making it possible for Exxon Mobil to continue to develop our globally diverse resource base to meet the world's growing energy needs."
On Wednesday, Exxon rose 34 cents to $59.89.