 DALLAS AP Exxons CEO says the oil company will invest more than 50 billion over the next five years to expand its business in the U.S. Chairman and CEO Darren Woods said Monday that the investments are possible because of the companys strength, helped by the recent law that cut taxes on corporations. In a blog on the Exxon website, Woods said that Exxon plans to increase oil production in the Permian basin in Texas and New Mexico, build new manufacturing plants and expand current operations. He said the initiatives will create thousands of jobs and increase energy security. 