Exxon CEO says Trump won't be able to ‘unleash' new energy production
Portfolio Pulse from
Exxon's CEO expressed skepticism about President-elect Donald Trump's ability to significantly increase U.S. oil production and reduce energy costs, despite Trump's campaign promises.
November 12, 2024 | 4:45 pm
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NEUTRAL IMPACT
Exxon's CEO doubts Trump's ability to increase U.S. oil production and reduce energy costs, which may affect Exxon's operations and stock price.
The CEO's skepticism suggests potential challenges in achieving increased oil production, which could impact Exxon's operations and stock price. However, the direct impact on Exxon's stock is uncertain, leading to a neutral short-term score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80