Oil and gas producers in the US will not raise output significantly in the coming years despite calls from president-elect Donald Trump to “drill, baby, drill”.

"We're not going to see anybody in 'drill, baby, drill' mode," Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence Forum conference in London. "A radical change (in production) is unlikely because the vast majority,

Exxon Mobil's Upstream Company President Liam Mallon predicted oil and gas companies won't immediately embrace increased output.

Reuters has reported that a senior executive at Exxon Mobil said that US oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline.