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US oil firms unlikely to go 'drill, baby, drill' under Trump, says Exxon executive

U.S. Shale producers like ExxonMobil are focusing on financial stability rather than aggressive drilling expansions, despite political encouragement.
Exxon expects no radical increase in production once Donald Trump is President, emphasizing a commitment to spending discipline.

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Sydney Morning Herald

Forget Trump’s ‘drill, baby, drill’ mantra. The oil giants won’t go for it

Donald Trump wants a massive boost in US oil production to lower US petrol prices. The oil bosses, however, are more interested in boosting shareholder returns.

4 months ago·Sydney, Australia

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Zero Hedge

Exxon Pours Cold Water On Trump's "Drill, Baby, Drill" Plans

Exxon Pours Cold Water On Trump's "Drill, Baby, Drill" Plans Contrary to expectations for a self-defeating flood of new energy production under the second Trump admin, Exxon’s Upstream President Liam Mallon said that oil and gas producers in the US will not raise output significantly in the coming years despite calls from President-Elect Donald Trump to “drill, baby, drill." “I think a radical change is unlikely because the vast majority, if not…

4 months ago·United States

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Financial Post

What Can US Cities and States Do for the Climate Under Trump? Plenty

Federal progress on climate may stall, but city halls and statehouses are in a good position to build on recent gains.

4 months ago·Canada

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Reuters

+4 Reposted by 4 other sources

US oil firms unlikely to go 'drill, baby, drill' under Trump, says Exxon executive

U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday.

4 months ago·United Kingdom

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Seeking Alpha

U.S. oil producers will not 'drill, baby, drill' under Trump, Exxon executive says

U.S. oil and gas producers are unlikely to significantly increase production during the Trump administration, prioritizing capital discipline, Exxon executive Liam Mallon said.

4 months ago·United States

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The Free Press (Tampa)

Exxon Exec Says Oil Companies May Not Be So Keen To 'Drill, Baby, Drill'

An executive for ExxonMobil said Tuesday that oil firms are not likely to significantly step up production in line with President-elect Donald Trump’s “drill, baby, drill” energy agenda at a conference in London. Trump repeatedly pledged to unleash U.S. oil production on the campaign trail to bring… Exxon Exec Says Oil Companies May Not Be So Keen To ‘Drill, Baby, Drill’

4 months ago·Tampa, United States

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