Exxon CEO Sees Shift From Gas To Oil Drilling As Short-Sighted -Analysts

Exxon Mobil Corp. (XOM) has not shifted the drilling focus of recently acquired natural gas producer XTO Energy toward oil as it believes the switch other energy companies are doing is short-sighted and driven by the need for cash generation to sustain drilling to protect leases and prevent staff reduction, the company's Chief Executive Rex Tillerson told a group of analysts