Exxon Mobil Corp. said Monday it plans to spend $50 billion to expand its business in the U.S. in the next five years, investments that were “enhanced” by the American tax overhaul. The Texas-based energy giant didn’t specify whether the investment plan represented an increase in spending as a result of the tax rewrite passed by Congress and signed into law by President Donald Trump late last year, or how much of the $50 billion was tied to prospects Exxon was considering before the tax changes.

Source: Wall Street Journal January 29, 2018 20:23 UTC