In a news release, ExxonMobil highlighted the oil giant’s plan to spend $20 billion over 10 years, build 11 chemical and natural-gas projects and create 45,000 jobs. Within the same hour, the White House put out its own statement claiming credit for the expansion and adding, “The spirit of optimism sweeping the country is already boosting job growth, and it is only the beginning.”
But Exxon’s investment plan was launched in 2013 — four years ago. And while the White House was hailing the investment program by ExxonMobil and talked about Trump’s “promise to bring back jobs to America,” General Motors on Monday announced the layoff of 1,100 workers in Michigan.
Some oil analysts were not impressed. “There is nothing new or newsworthy here,” said Pavel Molchanov, energy analyst with the investment firm Raymond James".
But Exxon’s investment plan was launched in 2013 — four years ago. And while the White House was hailing the investment program by ExxonMobil and talked about Trump’s “promise to bring back jobs to America,” General Motors on Monday announced the layoff of 1,100 workers in Michigan.
Some oil analysts were not impressed. “There is nothing new or newsworthy here,” said Pavel Molchanov, energy analyst with the investment firm Raymond James".
