Exxon CEO Pushes Back On Biden''s Plan To Limit Fuel Exports Exxon CEO Pushes Back On Biden''s Plan To Limit Fuel Exports First it was Chevon''s CEO reaching out to warn President Biden about the administration''s action again oil companies. Now, it''s Exxon warning the President about limiting fuel exports. Exxon is "pushing back" against the idea of reducing U.S. fuel exports, telling President Biden''s Energy Department this week that such actions would lead to continued volatility in oil prices globally, and at the pump domestically, according to a new report by the Wall Street Journal . Exxon said that "the oil industry should not slow fuel shipments in favor of putting more in storage tanks", the Journal report says. Exxon argued that cutting exports would lead to a glut in the Gulf Coast which would then, in turn, prompt output cuts. The concerns were laid out in a letter this week signed by Exxon Chief Executive Darren Woods. Woods wrote: “Continuing current Gulf Coast exports is essential to efficiently rebalance markets—particularly with diverted Russian supplies.