Chevron, Exxon Decline to Boost Oil Production Despite Trump Admin Requests
Both oil giants said the ongoing energy shortage brought on by the Iran war had not changed their plans.
TL;DR
- ExxonMobil and Chevron will not boost oil production.
- The Trump administration had requested increased oil output.
- The energy shortage caused by the war with Iran is the backdrop for these requests.
- ExxonMobil's strategy in the Permian Basin remains unchanged.
- Chevron has also stated the crisis has not prompted any changes to their plans.