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

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.

First seen · 10:00 AM UTCMay 7, 2026

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