However, companies and other large oil producers continue to increase production because drilling remains profitable. This trend highlights the ongoing demand and economic viability within the oil industry, despite fluctuations in the market. As a result, production levels are steadily rising to meet global energy needs.
https://www.nytimes.com/2025/10/31/business/energy-environment/exxon-mobil-chevron-earnings.html
Exxon’s and Chevron’s Profits Fall as Oil Prices Stay Low
