ExxonMobil Bringing It Home, With $20B Targeting Gulf Coast Expansions

摘要

ExxonMobil Corp., which last week said it would move more global investment to the U.S. onshore, on Monday unveiled a $20 billion plan to expand manufacturing capacity along the Gulf Coast, fueled by domestic natural gas and oil. CEO Darren Woods announced the “Growing the Gulf” initiative during a keynote address at CERAWeek by IHS Markit in Houston. The Texas and Louisiana projects, at 11 proposed and existing sites, would involve investments over a 10-year period, generating thousands of high-paying jobs and increase economic activity, he said.