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takyon [soylentnews.org] writes:

Exxon Mobil plans to expand its operations [reuters.com] along the Gulf Coast:

Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the U.S. Gulf Coast. 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.

Some of the expansions began in 2013, but the scope of the project is now growing and the timeline extended, Exxon said. [...] 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.

Press release [exxonmobil.com]. White House statement [whitehouse.gov]. Also at The Houston Chronicle [houstonchronicle.com] and The Hill [thehill.com].

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