Trump Cheers Exxon's Plan to Create 45000 Jobs

Tammy Harvey
March 10, 2017

President Donald Trump is again citing corporate investments planned before he took office as evidence that his policies are growing jobs and business. It includes investments that began in 2013.

As if the close ties between the White House and Exxon weren't clear enough, one part of the White House statement contains language that is almost identical to language in Exxon's press release.

Exxon said Monday the work would create 12,000 permanent jobs - the energy giant now has about 71,000 employees - and 35,000 construction jobs.

Of the 45,000 jobs Exxon said will be created by the 11 projects, chairman and CEO Darren Woods said "many of these are high-skilled, high-paying jobs averaging about $100,000 a year".

A few minutes later, the White House issued its own release about Trump congratulating Exxon. One read, "Buy American & hire American are the principles at the core of my agenda, which is: JOBS, JOBS, JOBS!"

Trump's secretary of State, Rex Tillerson, was CEO of Exxon until December, when he left the company to join Trump's cabinet.

That's not all. Trump also sent out a slew of congratulatory tweets and an accompanying video, in which he called Exxon "the great company" and linked his administration fervently to this announcement. Tillerson and Trump met Monday shortly before the Exxon and White House press releases. "I said we're bringing back jobs".

The company's Growing the Gulf expansion program, consists of 11 major chemical, refining, lubricant and liquefied natural gas projects at proposed new and existing facilities along the Texas and Louisiana coasts. "The energy industry has proven it can operate safely and responsibly". It also wants to build a new chemicals plant at a location yet to be determined along the Gulf.

According to The Associated Press, The sum of $20 billion would be roughly equal to Exxon's total capital spending previous year.

Exxon said its plan will increase its refining and manufacturing capacity in the region.

Shares of the Irving, Texas-based company rose 37 cents to close at $82.83.

Other reports by Ligue1talk

Discuss This Article