ExxonMobil and Chevron have said they won’t boost oil production despite the Trump administration’s calls for them to do so to help address the energy shortage caused by the war with Iran.
Exxon’s chief financial officer Neil Hansen told the Financial Times in an article published on May 1 that there had been “no change” to the company’s strategy in the Permian Basin, the highest producing oil and gas region in the United States.
Chevron’s finance chief Eimear Bonner, speaking to the same publication, echoed the sentiment, stating that “the crisis has not prompted any change to any of our plans”….