Quoted By:
Oh noes oil bros not like this...
"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 increases are improbable as most companies prioritize financial discipline and operational profitability."
The article leaves out the large (not majors) and mid-size producers that will jump at the chance to drill baby drill, especially as fed cuts rates in December and if Fed cuts rates in 2025
