Exxon Spending Big Money in the Gulf of Mexico

By Aimee Duffy – May 10, 2013 at 1:59PM

NYSE: RDS.A

Royal Dutch Shell plc

A look at the company's $4 billion offshore project.

Royal Dutch Shell (RDS.A) 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 (XOM 0.23%) and its similar quest to develop the technically challenging Julia oil field, also located in the Gulf.

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.

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