01-29-2018, 04:46 PM
The Trump Effect
Exxon Mobil to invest $50 billion in US over 5 years, citing tax reform
Exxon Mobil to invest $50 billion in US over 5 years, citing tax reform
- Exxon Mobil on Monday said it plans to invest $50 billion in the United States over the next five years, saying its decision is partly due to corporate tax cuts.
- The investment will go towards increasing production in the Permian basin in western Texas and eastern New Mexico.
- Exxon announced $20 billion in spending for U.S. Gulf Coast manufacturing in March.