Exxon Mobil and Chevron are pushing back on "shortsighted" investors and maintaining their growth plans even as they feud amongst themselves.

President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.

Exxon Mobil Corp. and Chevron Corp. are likely to shoulder more of the Permian Basin’s oil growth as independent producers cut back due to falling crude prices.