Exxon and Chevron defy Trump pressure to boost oil production

exxon and chevron are ignoring the white house's push to drill more. the trump administration had asked them to boost oil production to bring down soaring petrol prices, but both companies are sticking to their prewar strategies instead. they're not changing course despite the political pressure. exxon said it would keep its capital spending plan unchanged for the year. chevron also held firm, with no new commitments to ramp up output. the white house had been leaning on them publicly and privately, arguing that more domestic supply would help cool prices at the pump. but the supermajors are prioritizing shareholder returns over responding to washington's requests.