Exxon, Chevron Set to Boost Production Just as Prices Fall

``Exxon Mobil has been working for years on a fleet of enormous new oil and gas projects in places such as Abu Dhabi, Russia, Papua New Guinea, and the Gulf of Mexico designed to turn around what has been a consistent and alarming slide in oil and gas production. A record eight of these mega-projects came on-line last year, Exxon said Monday -- just as oil prices were falling by more than half.''