Exxon to invest $20 billion on U.S. Gulf refining projects

[TomParks]

Exxon to invest $20 billion on U.S. Gulf refining projects

The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world's largest gathering of energy executives in Houston.

Exxon last month pledged to boost this year's spending by 16 percent to expand operations, especially in shale production, after the company posted a better-than-expected quarterly profit, helped by rising oil prices and lower costs.

The quarterly report was Exxon's first under Woods, after former CEO Rex Tillerson was appointed as U.S. President Donald Trump's secretary of state.

 

[RoshawnMarkwees]

Exxon to invest $20 billion on U.S. Gulf refining projects

The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world's largest gathering of energy executives in Houston.

Exxon last month pledged to boost this year's spending by 16 percent to expand operations, especially in shale production, after the company posted a better-than-expected quarterly profit, helped by rising oil prices and lower costs.

The quarterly report was Exxon's first under Woods, after former CEO Rex Tillerson was appointed as U.S. President Donald Trump's secretary of state.

That does the consumer no good if it doesn't reduce the price. Higher oil prices don't translate to cheaper energy costs and lower consumer goods' overhead.
Good for oil stocks and oil stockholders I suppose.

 

[MindWars]

Exxon to invest $20 billion on U.S. Gulf refining projects

The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world's largest gathering of energy executives in Houston.

Exxon last month pledged to boost this year's spending by 16 percent to expand operations, especially in shale production, after the company posted a better-than-expected quarterly profit, helped by rising oil prices and lower costs.

The quarterly report was Exxon's first under Woods, after former CEO Rex Tillerson was appointed as U.S. President Donald Trump's secretary of state.

That does the consumer no good if it doesn't reduce the price. Higher oil prices don't translate to cheaper energy costs and lower consumer goods' overhead.
Good for oil stocks and oil stockholders I suppose.

No this bs does people no good

 

[frigidweirdo]

Exxon to invest $20 billion on U.S. Gulf refining projects

The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world's largest gathering of energy executives in Houston.

Exxon last month pledged to boost this year's spending by 16 percent to expand operations, especially in shale production, after the company posted a better-than-expected quarterly profit, helped by rising oil prices and lower costs.

The quarterly report was Exxon's first under Woods, after former CEO Rex Tillerson was appointed as U.S. President Donald Trump's secretary of state.

So, the company is doing well because of rising oil costs. The oil pipeline is supposed to lower costs.

What does the US want, lower prices or higher prices? Higher prices is more profit, low prices is more jobs.

 

[Penelope]

People who voted for Trump thought he was for the average joe, no he is for big business.

 

[Lewdog]

Exxon to invest $20 billion on U.S. Gulf refining projects

The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world's largest gathering of energy executives in Houston.

Exxon last month pledged to boost this year's spending by 16 percent to expand operations, especially in shale production, after the company posted a better-than-expected quarterly profit, helped by rising oil prices and lower costs.

The quarterly report was Exxon's first under Woods, after former CEO Rex Tillerson was appointed as U.S. President Donald Trump's secretary of state.

Already in the works, not due to Trump.

Trump is taking credit, but I read an article that said this plan started in 2013.... What a fucking douche.