Exxon CEO on U.S. election: 'Not sure how 'drill, baby, drill' translates into policy'
Publishing timestamp: 2024-11-01 17:13:47
Summary
Exxon CEO Darren Woods says U.S. shale oil production is not constrained externally and won't be affected by political changes in the short to medium term. The U.S. has been producing record amounts of oil and gas, driven by industry investment and technology. While there are potential new sources of supply in areas like the Gulf of Mexico, the majority of shale resources are on private land regulated at the state level.
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Keywords: natural gas (mar'23), business news, elections, united states, environment, government and politics, investment strategy, breaking news: politics, politics, rbob gas (mar'23), wti crude (mar'23), oil and gas, breaking news: markets, donald trump, kamala harris, ice brent crude (apr'23), markets, exxon mobil corp,
Source: https://www.cnbc.com/2024/11/01/exxon-ceo-says-us-election-wont-affect-oil-production.html