BUZZ-'Drill, baby, drill' - US oil cos rise, Trump hails 'liquid gold'

Reuters01-21

BUZZ-'Drill, baby, drill' - US oil cos rise, Trump hails 'liquid gold'

** Shares of oil companies inch up in pre-market trade

** US President Donald Trump lays out sweeping plan to maximize oil and gas production, including declaring a national energy emergency

** National energy emergency will provide him with the authority to reduce environmental restrictions on energy infrastructure and projects and ease permitting for new transmission and pipeline infrastructure

** "The inflation crisis was caused by massive overspending and escalating energy prices, and that is why today I will also declare a national energy emergency. We will drill baby, drill" - President Trump

** Oil majors Exxon Mobil XOM.N and Chevron Corp CVX.N edge up 0.3% and 0.2%, respectively

** Top oilfield services company SLB SLB.N rises 1.5%, while Baker Hughes BKR.O and Halliburton HAL.N climb 1.7% and 2%, respectively

** Oil and gas producers APA APA.O and Vital Energy VTLE.N up 0.6% and 0.9%, respectively

** "We will be a rich nation again, and it is that liquid gold under our feet that will help to do it," said Trump in his in his inaugural speech

(Reporting by Arunima Kumar in Bengaluru)

((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))

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We will drill baby, drill\" - President Trump** Oil majors Exxon Mobil XOM.N and Chevron Corp CVX.N edge up 0.3% and 0.2%, respectively** Top oilfield services company SLB SLB.N rises 1.5%, while Baker Hughes BKR.O and Halliburton HAL.N climb 1.7% and 2%, respectively** Oil and gas producers APA APA.O and Vital Energy VTLE.N up 0.6% and 0.9%, respectively** \"We will be a rich nation again, and it is that liquid gold under our feet that will help to do it,\" said Trump in his in his inaugural speech (Reporting by Arunima Kumar in Bengaluru) ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94 ;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2505266082"}