Exxon Spending Big Money in the Gulf of Mexico


Royal Dutch Shell just announced that it will drill the world's deepest well -- nearly two miles below the ocean's surface -- in the Gulf of Mexico. This sort of ambitious project is all that's left for the oil majors clamoring to boost production. In this video, Fool.com contributor Aimee Duffy looks at ExxonMobil and its similar quest to develop the technically challenging Julia oil field, also located in the Gulf.

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The article Exxon Spending Big Money in the Gulf of Mexico originally appeared on Fool.com.

Motley Fool contributor Aimee Duffy has no position in any stocks mentioned. If you have the energy, follow her on Twitter where she goes by @TMFDuffy.The Motley Fool recommends Chevron and Statoil (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Originally published