politics
ExxonMobil and Chevron Maintain Prewar Oil Production Strategies
ExxonMobil and Chevron have resisted pressure from the Trump administration to boost oil output. The companies are sticking to their prewar strategies despite a White House plea for more drilling. This comes amid efforts to curb soaring petrol prices.
May 1, 6:30 AM·1m read2 sources
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Financial TimesAudio version
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ExxonMobil and Chevron have defied calls from the White House to increase oil production, resisting pressure from the Trump administration. U.S. supermajors have stuck to their prewar strategies, according to the Financial Times.
The White House issued a plea for more drilling to curb soaring petrol prices. ExxonMobil and Chevron resisted pressure from an administration struggling to end the biggest energy crisis in decades, the Financial Times reported.
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