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Exxon Mobil to Spend $50B in US, Citing Trump Tax Reform

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Economic

Energy giant Exxon Mobil announced plans Monday to spend $50 billion to expand its domestic business operations, citing the recently passed tax cut legislation, reports the Washington Examiner. “At ExxonMobil, we plan to invest more than $50 billion over the next five years to expand our business in the United States. These investments are underpinned by the unique strengths of our company and enhanced by the historic tax reform recently signed into law,” Chief Executive Office Darren Woods said in a posting Monday on the company’s website.

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