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Darren Woods, the new CEO of oil giant ExxonMobil, spoke live from the CERAWeek conference in Houston, Texas on Monday.
During his keynote address, Woods said Exxon plans to expand its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over the next 10 years, creating thousands of jobs.
"All told, we expect these 11 projects to create over 45,000 jobs," Woods told the audience at CERAWeek.
The company's "Growing the Gulf" expansion program consists of chemical, refining, lubricant and liquefied natural gas projects, Woods added. Investments began in 2013 and are expected to continue through at least 2022.
This speech marks one of Woods' first major appearances since becoming Exxon CEO in January. Woods was promoted after President Donald Trump tapped former CEO Rex Tillerson to become secretary of State.