BP (NYSE:BP), ExxonMobil (NYSE:XOM), Shell (NYSE:RDS-A), Chevron (NYSE:CVX) Spending Over $100 Billion on Oil Exploration in 2011

Talking on the amount companies were going to spend on oil exploration in 2011, Barclays (NYSE:BCS) said 402 companies are expected to spend almost $500 billion in 2011, an increase of 11 percent over 2010. Of that, oil giants BP (NYSE:BP), ExxonMobil (NYSE:XOM), Royal Dutch Shell (NYSE:RDS-A), Chevron (NYSE:CVX) will account for $108.6 billion of it. The exploration spend will also include

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BP (NYSE:BP), ExxonMobil (NYSE:XOM), Shell (NYSE:RDS-A), Chevron (NYSE:CVX) Spending Over $100 Billion on Oil Exploration in 2011

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