Reported 3 days ago
Despite President Trump's encouragement to 'drill, baby, drill,' U.S. oil and gas companies are expected to maintain conservative spending and focus on shareholder returns in 2025. With the industry adapting to lower global oil prices and prioritizing efficient technology over new wells, analysts anticipate modest production growth while keeping capital expenditures flat or slightly lowered. Notably, Exxon Mobil has plans for significant production increases, while other major firms like Chevron continue a cautious approach, reflecting the disconnect between government policies and investor expectations.
Source: YAHOO