Exxon Is Steering Its Construction Dollars Back to U.S.
- Plan for 45,000 U.S jobs includes projects dating to 2013
- Trump quickly tweets his support for ‘special company’
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Exxon Mobil Corp. announced a $20 billion building spree in the heart of the U.S. chemical and refining industry, a program it said would create 45,000 jobs. President Donald Trump quickly tweeted his support, calling the oil producer a "special company."
The only problem? Monday’s announcement just gave a name to a series of investments the company began making as far back as 2013, before the collapse in oil prices. Chief Executive Officer Darren Woods dubbed the program "Growing the Gulf," part of an effort to boost energy exports from abundant natural gas and oil supplies on the U.S. Gulf Coast.