What America's oil CEOs discussed with Trump [CNNMoney.com]
Exxon Mobil Corporation (XOM)
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Source: CNNMoney.com
Here's what America's oil CEOs discussed with Trump New York (CNN Business) America's leading oil CEOs urged President Donald Trump on Friday to grant the embattled industry access to government programs aimed at helping companies harmed by the coronavirus pandemic. Trump was "very receptive" to that request and did not discuss government-mandated oil production cuts during the meeting at the White House, American Petroleum Institute CEO Mike Sommers, who was in the meeting, told CNN Business. Saudi Arabia and Russia would like to get the United States, the world's leading oil producer, to join in emergency cuts aimed at halting the crash in oil prices. "We are operating in a market economy, not one with state-owned oil companies," Sommers said in an interview following the meeting with Trump and the CEOs of ExxonMobil ( XOM ) , Chevron ( CVX ) and other major oil companies. The nosedive to 18-year lows in oil prices threatens to set off a wave of bankrup
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