Exxon Mobil and Chevron resist Trump call to boost output

Published May 1, 2026 1:16pm ET



Oil giants have resisted pressure from the Trump administration to boost production as the United States faces high energy costs caused by the war in Iran.

Exxon Mobil and Chevron indicated Friday they do not plan to adjust their production strategies, even though the White House has advocated increased oil production as a way to lower energy costs for households.

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