U.S. energy company Exxon Mobil recently announced that it will invest multi-billion dollars in the country. The energy company touted that the move will create thousands of jobs in the U.S. President Donald Trump, who has been pressuring companies into investing more in the country, praised the move and claimed that his actions pushed the energy company into making the decision.
In announcing the $20 billion investment, Exxon Mobil said there would be 45,000 new jobs in several southern U.S. states. The majority of the jobs are expected to offer a high salary. Most of the investments will go to improving refineries chemical and liquefied natural gas plants.
However, news publication The Washington Post alleged that the $20 billion in investment that Exxon Mobil promised is not a new development. Deutsche Welle reported that an oil analyst told the news publication that Exxon Mobil had already said the same thing back in 2013.
Pavel Molchanov from investment firm Raymond James said several companies had already decided on their investments long before Trump took the presidential seat in the White House. He said they are just rehashing their plans in order to get into the good side of the U.S. president.
On top of the alleged rehashed announcement about the investment, The Washington Post also found that the White House has lifted an entire paragraph from Exxon Mobil's announcement and posted it on its own press release praising the investment. Exxon Mobil spokesman Alan Jeffers did not deny that the information that the White House got came from the U.S. energy company.
Trump had been boasting that all the investments that it was due to his administration's efforts that several companies are announcing their investments in the U.S. However, analysts say otherwise. Molchanov said the announcements of investments did not have anything to do with the policies that the White House had been rolling out.
In another jobs-related news, Jobs & Hire previously reported that Rexnord Corp. will be moving its jobs to Mexico.
