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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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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.

·United Kingdom
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RealClearMarkets broke the news in on Tuesday, November 26, 2024.
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