Friends of Manufacturing

ExxonMobil Plans $20 Billion in Manufacturing Investments in Gulf Region

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ExxonMobil will invest $20 billion at 11 new and existing sites in the next 10 years to expand its manufacturing and export capacity along the Gulf of Mexico, the company announced March 6.

The expansion program, which ExxonMobil is calling “Growing the Gulf,” will involve chemical, refining, lubricant and liquefied natural gas projects at facilities along the Texas and Louisiana coasts. Investments began in 2013, ExxonMobil said, and are expected to continue through at least 2022.

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