The US-Australia investment relationship

On Monday, 14 August, the Treasurer Scott Morrison launched a first-of-its-kind report from the United States Studies Centre at the University of Sydney (USSC) detailing the deep benefits of the US-Australia investment relationship.

News

The US-Australia investment relationship

The study points out the fact that US investment in Australia is currently A$860 billion – that’s A$345 billion more than the next largest investor, the United Kingdom.

Titled Indispensable Economic Partners, the study was supported by the American Chamber of Commerce in Australia (AmCham).

It also highlights the important contribution of ExxonMobil subsidiary companies to Australia.

“The ExxonMobil Australia group has been operating in Australia since 1895,” said ExxonMobil Australia Chairman Richard Owen.  “Our business covers a wide range of petroleum related activities from oil and gas exploration and production, to petroleum refining and supply of fuels and lubricants.

“Throughout our history, we have continued to adapt and grow by applying advances in technology to meet the growing energy needs of the country.”

According to economic analysis by ACIL Allen, when you add-up the direct and indirect benefits of ExxonMobil’s investments to date, they represent an increase in Australia’s GDP equivalent to almost $6 billion a year for a century from the 1960s through to the 2060s.

Photo — At more than $5.5 billion, the Kipper Tuna Turrum Project is the largest single investment into Australia’s domestic gas supply.

Related content

Longford Plants update June 2020

Update from Kartik Garg, Longford Plants Manager

Esso news News

Esso helping to break down barriers and build connections in Gippsland

Esso Australia is helping to break down barriers and build connections for people experiencing mental illness in Sale by supporting Barrier Breakers.

Esso news News

Recognising the work of volunteers

During National Volunteer Week, everyone at ExxonMobil Australia would like to thank the thousands of Australians who contribute their time and energy to others by volunteering in their communities.

Esso news News

Esso Australia 'islanding' our energy streams

Maintaining social distancing on offshore platforms poses unique challenges.

Esso news News

Esso Australia helping to keep the future bright

Through its Bright Future Grants program, Esso Australia is helping schools and students adjust to remote learning.

Esso news News

The search is on for Gippsland’s best original music artists

Wellington Shire Council in conjunction with Theatre Gippsland and Esso Australia announce the launch of Gippsland Live, a digital search for Gippsland’s best musicians.

Esso news News