As part of Exxon’s Growing the Gulf initiative, the company says it is planning to spend $20 billion over the next ten years to expand its manufacturing capacity along the US Golf Coast.
Exxon chairman and CEO Darren Woods says with the expansion, the company says it is taking advantage of the American energy revolution.
During a keynote speech at the CERAWeek 2017 conference, Woods said the projects are at 11 proposed and existing sites. Exxon says it is expecting to generate thousands of high-paying jobs and $20 billion in increased economic activity in Texas and Louisiana.
