ExxonMobil and Chevron resisted White House calls to boost output despite a
worsening energy crisis. Exxon CFO Neil Hansen and Chevron finance chief Eimear
Bonner said neither company would alter Permian Basin or broader strategies. The
Iran war has cut Gulf production and disrupted refining, driving oil to $126 a
barrel and US petrol above $4 a gallon. Despite government reserve releases and
calls for more drilling, both firms remain focused on existing plans and cash
flow over production growth.
