collected by :Maolly Tony
As it stated in
WASHINGTON, D.C. — President Donald J. Trump today congratulated Exxon Mobil Corporation on its ambitious $20 billion investment program that is creating more than 45,000 construction and manufacturing jobs in the United States Gulf Coast region.
These are full-time manufacturing jobs that are mostly high-skilled and high-paying, and have annual salaries ranging from $75,000 to $125,000.
“Many of the products that will be manufactured here in the United States by American workers will be exported to other countries, improving our balance of trade.
“This is exactly the kind of investment, economic development and job creation that will help put Americans back to work,” the President said.
The company’s Growing the Gulf 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.
as declared in
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as declared in
Exxon Mobil Still Dow’s Biggest Loser in 2017
Range-bound crude oil prices rose about 1.2% last week to close at $54.02.
For the year to date, crude prices are up just 0.5% from a beginning price of $53.75 a barrel.
The definition of a proved barrel is one that can be extracted with current technology and produce a profit at current prices.
2017 has been a tough year for Exxon Mobil Corp. (NYSE: XOM).
Costs to produce a barrel of oil from Canada’s oil sands are among the highest in the world and crude prices of $50 to $55 a barrel are barely profitable.