Exxon Mobil To Spend Billions Right Here In The Permian Basin

We are seeing more and more companies expanding and giving back to their employees.

Thanks to the new tax reform Exxon Mobil is saying it will spend $50 billion in the United States in the next five years.

To detail that a little more:

“The recent changes to the U.S. corporate tax rate coupled with smarter regulation create an environment for future capital investments and will further enhance ExxonMobil’s competitiveness around the world,”

According to FOX NEWS billions will be spent right here in the Permian Basin.

Exxon will invest billions of dollars to boost oil production in the Permian Basin, an oil-rich shale play in Texas and New Mexico, Woods noted. Exxon also plans to build new manufacturing sites and improve infrastructure. The moves are expected to create thousands of jobs in the U.S.

What do you think about all of this money being poured into the Permian Basin? I hope someone starts building more houses quickly.

I love the fact of the growing economy but what about those of us who don't make oil field money?