Trump invites Big Oil to discuss help for ailing industry [Reuters]
Exxon Mobil Corporation (XOM)
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Source: Reuters
Trump invites Big Oil to discuss help for ailing industry WASHINGTON (Reuters) - U.S. President Donald Trump has invited oil executives to the White House to discuss potential aid for the industry, which has been hammered by slumping energy demand during the coronavirus outbreak and a price war between Saudi Arabia and Russia, two sources familiar with the matter said on Wednesday. The Wall Street Journal, which was first to report on the upcoming meeting citing unidentified sources, said Trump would discuss a range of options to help the industry, including the possibility of tariffs on oil imports from Saudi Arabia. The meeting is planned for Friday, with major drillers including Exxon Mobil Corp ( XOM.N ), Chevron Corp ( CVX.N ) and Occidental Petroleum Corp ( OXY.N ) expected to participate, according to the Journal. Officials at the companies did not immediately respond to requests for comment. An official for the American Petroleum Institute, which represents the U.S. oil a
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