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ExxonMobil resists Trump's pressure, refusing to increase oil production

2026-05-01 13:00:20

ME News Report, May 1 (UTC+8), according to the Financial Times of the UK, ExxonMobil (XOM.N) and Chevron (CVX.N) withstood pressure from U.S. President Trump and refused to increase oil production. ExxonMobil said it expects the closure of the Strait of Hormuz throughout the quarter to result in a 3% decline in second-quarter throughput of global product solutions compared with Q4 2025. (Source: ODAILY)

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