Exxon and Chevron boost output despite falling oil prices
Two biggest US oil majors report rising production in third quarter amid supply glut forecasts
Two biggest US oil majors report rising production in third quarter amid supply glut forecasts

US supermajors stick to prewar strategies despite White House plea for more drilling to curb soaring petrol prices

Drop in oil prices drags second-quarter earnings to lowest level since pandemic

Analysts predict a glut of crude by the end of the year after cartel reverses output cuts

Business plan unveiled at investor day emphasises need to cut costs and lower capital expenditure

With Hess deal completed and Venezuela license returned the company is on path to rebuilding operations

Eight countries agree to lift production slightly in December but pause further increases at start of 2026