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Consumers and politicians may be annoyed at high oil prices, but they aren’t persuading Exxon Mobil (XOM.N) or Chevron (CVX.N) to increase production dramatically. Neither firm posted big increases in output last quarter despite surges in commodity prices caused by the Ukrainian conflict. That’s a rational decision based on the outlook for future prices and investor pressures. But it won’t make them friends in the court of public opinion.