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flag Exxon's exec says U.S. oil production won't surge, despite Trump's promises, due to economic focus.

flag Exxon's executive Liam Mallon said U.S. oil and gas producers won't significantly boost production despite President-elect Trump's promises, due to a focus on economic discipline. flag The U.S. is already the world's top oil producer, pumping over 13 million barrels daily. flag Mallon noted a potential short-term boost from relaxed land permitting but expects growth to be limited. flag Exxon plans to increase Permian Basin production to over 2 million barrels per day.

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