President Trump pointed to a $20 billion expansion plan by Exxon Mobil Corp. Monday as an example of “the spirit of optimism sweeping the country.”
“This is exactly the kind of investment, economic development and job creation that will help put Americans back to work,” Mr. Trump said in a statement. “Many of the products that will be manufactured here in the United States by American workers will be exported to other countries, improving our balance of trade.”
Exxon Mobil CEO Darren Woods said Monday at an oil and gas conference in Houston that the company will spend $20 billion by 2020 on its “Growing the Gulf” initiative. The investment in 11 major chemical, refining, lubricant and liquefied natural gas projects along the Texas and Louisiana coasts could create 35,000 construction jobs, and 12,000 full-time jobs, Mr. Woods said.
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