Exxon: 'Drill, Baby, Drill' Unlikely Under Trump
Exxon Mobil's Upstream President Liam Mallon stated that US oil and gas producers are unlikely to significantly increase output despite President-Elect Donald Trump's calls to "drill, baby, drill." Mallon emphasized that economic considerations are the primary focus for producers, and a radical change in drilling activity is improbable. While Trump may open federal lands for drilling, much of the land in Texas is private, and producers are taking a long-term approach to production. Mallon also supported the US Inflation Reduction Act, which contrasts with Trump's stance.
