Exxon and Chevron defy Trump pressure to boost oil production
US supermajors stick to prewar strategies despite White House plea for more drilling to curb soaring petrol prices
US supermajors stick to prewar strategies despite White House plea for more drilling to curb soaring petrol prices

Two biggest US oil majors report rising production in third quarter amid supply glut forecasts

Industry worries that ‘panic’ actions by the White House could backfire on plans to increase drilling

Supermajor to focus on boosting production from existing operations rather than fast-track expansion, says finance chief

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

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

Hormuz closure prompts surge in buying from Asia and Europe