Oil Companies May Not Be So Keen To ‘Drill, Baby, Drill,’ Exxon Exec Says

An executive for ExxonMobil said Tuesday that oil firms are not likely to significantly step up production in line with President-elect Donald Trump’s “drill, baby, drill” ⚡Energy agenda at a conference in London.

Trump repeatedly pledged to unleash U.S. oil production on the campaign trail to bring down ⚡Energy costs and assert America’s will on global markets, and he has assembled a serious group of energy-focusedofficials in his cabinet to help lead that effort come January 2025. However, Liam Mallon, the head of ExxonMobil’s upstream division, told attendees of the ⚡Energy Intelligence Forum that the economics of a production surge may not make economic sense for Energy