financetom
Business
financetom
/
Business
/
US oil producers unlikely to shift to 'drill, baby, drill' mode, says Exxon executive
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US oil producers unlikely to shift to 'drill, baby, drill' mode, says Exxon executive
Nov 26, 2024 2:03 AM

LONDON, Nov 26 - U.S. oil and gas producers are unlikely

to radically increase production under president-elect Donald

Trump as companies remain focused on capital discipline, a

senior executive at Exxon Mobil ( XOM ) said on Tuesday.

"We're not going to see anybody in 'drill, baby, drill'

mode," Liam Mallon, head of Exxon's upstream division, told the

Energy Intelligence Forum conference in London.

"A radical change (in production) is unlikely because the

vast majority is focused on economics of what they're doing."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Disney Said to Sell Stake in India TV Platform to Tata
Market Chatter: Disney Said to Sell Stake in India TV Platform to Tata
May 22, 2024
11:03 AM EDT, 05/22/2024 (MT Newswires) -- Walt Disney ( DIS ) has reached a deal to sell its minority stake in Tata Play, a subscription television broadcaster, to Tata Group, which takes full control of the platform following the deal, Bloomberg reported, citing people familiar with the matter. The transaction values Tata Play at about $1 billion, the people...
What's Going On With AMC Entertainment Stock Wednesday?
What's Going On With AMC Entertainment Stock Wednesday?
May 22, 2024
AMC Entertainment Holdings Inc ( AMC ) shares are trading lower. The company’s APE stock conversion was upheld on Wednesday by Delaware’s highest court. What Happened: Chief Justice Collins J. Seitz Jr. signed a court order on Wednesday affirming a prior ruling to allow AMC to move forward with its stock conversion to AMC Preferred Equity units, or APE units, according to...
What's Going On With Bloom Energy's Stock?
What's Going On With Bloom Energy's Stock?
May 22, 2024
Bloom Energy Corporation ( BE ) shares are trading higher Wednesday, and the stock is up more than 30% over the past five days. Here's a look at what's going on.  The Details: Last week, Bloom announced a collaboration with C3.ai, Inc ( AI ). to implement AI-based solutions to broaden the scope and precision of Bloom’s product monitoring technology. ...
HydroGraph Clean Power Down Near 8% From Near 52 Week Highs As Announces $1.6 Million Financing; Offering May Be Increased
HydroGraph Clean Power Down Near 8% From Near 52 Week Highs As Announces $1.6 Million Financing; Offering May Be Increased
May 22, 2024
11:01 AM EDT, 05/22/2024 (MT Newswires) -- HydroGraph Clean Power ( HGCPF ) , a manufacturer of high-quality graphene and other nanomaterials, said Wednesday it intends to complete a non-brokered private placement of units priced at $0.16 each, to raise $1.6 million. The offering may be increased by up to 30%, the company said. A statement noted each unit will...
Copyright 2023-2026 - www.financetom.com All Rights Reserved