The world’s largest publicly traded oil mogul, Exxon Mobil, is planning to invest an increase of $50 billion in the U.S. over the next five years. Chairman and CEO of Exxon, Darren Woods, said the investment is due partially to corporate tax cuts recently passed by the government. This move puts Exxon on track with a large number of companies that have announced investments and employee bonuses following GOP lawmakers’ and President Donald Trump’s tax overhaul. With such a boost in the economy, now is the time to consider relocating to the U.S. Contact USAFIS for information on the Green Card Lottery process.
Woods claims the investments are derived from the “unique strengths” of Exxon Mobil and then enhanced by the tax reform. “These positive developments will mean more jobs and economic expansion across the United States in a myriad of industries,” said Woods. In one part of the investment, Exxon is planning to increase production in the Permian Basin. This shale oil region, located in eastern New Mexico and western Texas, has attracted drillers due to the low cost of production. The plan is to expand operations, construct manufacturing sites, and make improvements to infrastructure, which will generate thousands of new jobs in America. Woods said, “These are quality investments for our shareholders that are made even better by tax reform.” The United States is filled with opportunities for newcomers. USAFIS has a team of experts willing to walk the U.S. immigration path with you every step of the way. Contact them today!