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As of year-end 2007, Exxon had 22.7 billion oilequivalent
barrels in proved reserves, of which approximately 62% were in the proved developed
category. Exxon s total resource base (including proved reserves and other discovered resources that
will likely be developed in future) is the largest in the industry at more than 72 billion oil-equivalent
barrels. The company added 1.6 billion oil-equivalent barrels to its proved reserves in 2007, or 101%
of its production. This was the 14th successive year of above-100% reserve replacements. With a 10-
year average replacement ratio of 112%, Exxon continues to replace annual production with new,
quality reserves additions, thereby extending a positive trend of replacing more barrels than it
produced...
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