U.S. shale producers will maintain capital discipline and focus on shareholder returns despite Donald Trump's pro-drilling energy agenda.
U.S. oil and gas supermajor Exxon does not expect American producers to gear up in a 'drill, baby, drill' mode once Donald Trump becomes U.S. President, as companies will maintain the spending discipline of the past few years. 'We're not going to see anybody in 'drill, baby, drill' mode,' ExxonMobil Upstream President Liam Mallon said at the Energy Intelligence Forum conference in London, as carried by Reuters.
President-elect Trump has vowed on the campaign trail to support the oil, gas, and coal industries and repeal some of President Biden's environmental-oriented measures, including a pause on new LNG permitting and the minimum possible offshore oil and gas lease sales mandated by Congress. Although President-elect Trump is chanting 'drill, baby, drill,' the priorities of the U.S. oil industry have drastically changed since Trump's first term.
U.S. Shale Trump Energy Policy Oil And Gas Capital Discipline Drilling Slowdown Shareholder Returns LNG Exports Energy Priorities Permian Basin.
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