ExxonMobil Benefits from Tax Cuts

ExxonMobil received a huge gain from the tax reform that has taken place under the current administration. The tax cut will save Exxon’s company six billion dollars that they can use the try and increase oil production which fell 3% in 2017. The company promised to invest 50 billion in the U.S. over the next five years and create thousands of jobs to boost the economy. ExxonMobil is also expected to shift it’s resources back to America after the company decided to focus on overseas projects instead.

http://money.cnn.com/2018/02/02/investing/exxon-earnings-tax-law-oil/index.html