Via Fox Business:
Exxon Mobil (XOM) said Monday it will invest $50 billion in the U.S. over the next five years, citing the “historic” tax reform bill signed into law in December.
The world’s largest publicly traded oil company continues to evaluate tax reform’s impact and whether lower rates will allow Exxon to further expand facilities along the Gulf Coast, according to CEO Darren Woods.
Woods, who made the announcement on an Exxon blog Opens a New Window. , said it’s “good to see sound policy laying the groundwork for America’s future economic success.”
“The recent changes to the U.S. corporate tax rate coupled with smarter regulation create an environment for future capital investments and will further enhance ExxonMobil’s competitiveness around the world,” Woods wrote.