President Donald Trump and Exxon Mobil Corp. exchanged praise for each other on Monday as the company announced plans to create thousands of jobs by spending $20 billion over 10 years on plants along the Gulf Coast.

Exxon’s plan started long before Trump entered the White House, however. It includes investments that began in 2013.

Exxon said Monday the work would create 12,000 permanent jobs — the energy giant currently has about 71,000 employees — and 35,000 construction jobs.

Exxon announced its plan in a news release in which CEO Darren Woods was quoted as saying that such big investments “require a pro-growth approach and a stable regulatory environment and we appreciate the President’s commitment to both.”

A few minutes later, the White House issued its own release about Trump congratulating Exxon. One paragraph in the White House release is nearly identical to a passage in Exxon’s.

The president followed up on Twitter, saying that “Buy American & hire American are the principals at the core of my agenda,” although he apparently meant that those are among his principles.

Full Article From Mississippi Business Journal