Exxon Mobil (NYSE: XOM) Plans To Spend $27 Billion On Capital Projects In 2010

Exxon Mobil (NYSE:XOM) said Thursday that it plans to spend approximately $27 billion on capital projects in 2010.

The company spent about $26 billion in 2009.

At an analysts meeting, the company said it planned to spend $25 billion to $30 billion a year through 2014 on capital projects. Exxon also said that spending on exploration and production will increase in 2010, but that spending on refining and marketing will remain flat.