A significant development has occurred in the oil industry. President Donald Trump made an announcement about a deal to develop oil reserves. This deal also involves giving the Pentagon a share of the profits.

Following this announcement, a major US oil company confirmed its plans to increase its presence. Further information about this expansion is available from the source. Details about the deal and the company's operations are not fully provided here, but it is known that the company in question is a major player in the US oil industry.

The company's decision to expand comes after the announcement by President Trump.