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ExxonMobil Plans $50B in Investments Over Next 5 Years

“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,” ExxonMobil CEO Darren Woods said in a recent announcement.

“For instance, we will be investing billions of dollars to increase oil production in the Permian Basin in West Texas and New Mexico, expand existing operations, improve infrastructure and build new manufacturing sites.” 

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