Big Oil in no rush to 'drill baby drill' this year despite Trump agenda By Reuters

Oil and Gas Spending Trends: U.S. oil and gas companies are expected to maintain conservative spending in 2025, focusing on shareholder returns rather than aggressive drilling, despite President Trump's push for increased production. Analysts predict flat or slightly lower capital expenditures across the sector, with some companies like Exxon Mobil planning significant production increases.

Profit Projections and Market Dynamics: Major companies such as Chevron and Exxon Mobil are projected to report declines in profits compared to last year, influenced by lower global oil prices and reduced refining profits. The overall outlook indicates a cautious approach to growth and investment, with an emphasis on returning cash to shareholders amidst fluctuating market conditions.