It is unlikely that there will be a rapid increase in petroleum production in the United States under the upcoming Trump administration - Exxon executive.

November 27, 2024, 10:53 JST
The president of the upstream division expressed disbelief at the prospect of a situation where resources are dug up recklessly.
Total Energy CEO also skeptical of the expansion of petroleum and gas drilling in the United States.
Despite President-elect Trump's call to 'drill for resources,' U.S. petroleum and gas production companies are unlikely to significantly increase production over the next few years. Exxon Mobil's upstream division president, Liam Maron, expressed such views on the 26th.

Liam Maron, head of Exxon Mobil's upstream division, stated on the 26th that there is little chance that domestic petroleum and gas production companies will significantly increase production under the upcoming Trump administration. He pointed out this is due to the emphasis on capital discipline.
At an industry meeting held in London, Mr. Marron pointed out that no one is likely to enter the 'Drill, Baby, Drill (Digging for oil)' mode. He stated that most companies prioritize the profitability of their businesses, so there is unlikely to be a significant change in production volume.
However, he added that if the permit procedures for drilling sites are simplified, there is a possibility of short-term increase in production volume.
During the presidential election, Mr. Trump pledged to expand domestic production of petroleum and natural gas. The USA has become the world's largest oil-producing country due to the rapid increase in shale oil production. Oil production this year has exceeded 13 million barrels per day.