ExxonMobil Downplays Major Drilling Boosts, Stresses Discipline
ExxonMobil(XOM) ZACKS·2024-11-27 23:01
Exxon Mobil Corporation (XOM) has signaled that U.S. oil and gas producers are unlikely to significantly ramp up production despite potential policy shifts under a future Trump administration. Speaking at the Energy Intelligence Forum in London, Liam Mallon, head of ExxonMobil's upstream division, emphasized that the industry remains focused on economic sustainability over aggressive drilling."We're not going to see anybody in 'drill, baby, drill' mode," Mallon stated. He highlighted that radical production ...