ExxonMobil to invest US$20b in US Gulf Coast refining projects

Houston

EXXONMOBIL Corp, the world's largest publicly traded oil producer, said on Monday it would invest US$20 billion through 2022 to expand its chemical and oil refining plants on the US Gulf Coast.

The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, chief executive Darren Woods said in a speech at CERAWeek, the world's largest gathering of energy executives.

Some of the expansions began in 2013, b…