HOUSTON—Darren Woods, chairman and CEO of ExxonMobil Corp. (NYSE: XOM), said March 6 that the company will invest $20 billion in U.S. Gulf Coast states to build a “manufacturing powerhouse.”Woods, in his first public address as CEO, told an audience at CERAWeek that the company is taking advantage of shale resource supplies to invest in 11 projects that he said would be “export machines.” He also addressed the company’s recent Permian Basin transaction and restrictions to trade.
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