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Gas prices keep rising, but do big oil companies plan to drill more? Not so far

Executives say prices are profitable but not high enough to justify major new drilling, with planned output increases capped at 250,000 barrels a day.

Summary by Npr
The war in Iran has pushed global oil prices higher, which boosts oil company revenues. But major U.S. oil companies aren't signaling plans to increase production to bring down prices at the pump.

7 Articles

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Bias Distribution

  • 83% of the sources lean Left
83% Left

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Scientific American broke the news on Wednesday, May 6, 2026.
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