Oil producers have much to do in second Donald Term presidency

Under a Trump administration, regulations will be a little easier, both in the permitting side and adding the necessary infrastructure,

Wells Fargo analyst Roger Read told CNBC before the election

You could also see an uptick on lease sales in the Gulf of Mexico and federal onshore land,

the analyst added

He's pro business and he's pro deregulation,

West said of Trump

It's a global market,

Ben Cahill, director of energy markets and policy at the University of Texas at Austin, told BI

We will frack, frack, frack and drill, baby, drill,

Trump said in October

If oil prices drop, you're likely to see a natural decline in US oil production over the long run, ... Oil companies have shareholders to be accountable to."

he said, adding

We advocate for policy that accounts for security, affordability, reliability and environmental stewardship – not drastic changes that could hinder the progress being made today."

In a statement shared to Newsweek, an ExxonMobil spokesperson said

There needs to be an incentive to reward those investments and generate a return,

Woods said

Looking at the results of last week's election, it is clear that energy was on the ballot,

API CEO Mike Sommers said on a call with reporters

We're going to continue to do that regardless of whether the United States is part of the agreement or not,

Sommers said

They're not as proud of producing oil as they should be,

Ebell said

I don't think the stops and starts are the right thing for businesses,

Woods told the outlet

A second U.S. exit from the Paris climate agreement will have profound implications for the United States' efforts to reduce its own emissions and for international efforts to combat climate change,

ExxonMobil said in a statement

We don't let political agendas drive our business and investment decisions we make,

Woods added

We need a global system for managing global emissions,

Mr. Woods said in an interview with The New York Times in Baku

It's ironic that the major oil companies are not supportive of the 'drill, baby, drill' strategy nor are their shareholders, ... They've been working very hard to lower their emissions, and the last thing they want is for all the rules and regulations to change again."

he said, adding

The government role is extremely important and one that they haven’t been successfully fulfilling, quite frankly,

he said