Permian, Guyana production hits record
ExxonMobil books over $7.3 billion profit on record Permian and Guyana production
Production in both the US Permian shale basin and Guyana reached a record high, with Guyana volumes recovering after maintenance during last quarter. Overall production was just above 4.6 million barrels of oil equivalent per day in the fourth quarter, and 4.3 million boepd for the full year.
Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.
Exxon Mobil exceeded Wall Street's expectations for its fourth-quarter profit despite lower oil prices and weak refining margins.
Exxon Mobil Corp. beat earnings estimates as strong production growth cushioned the drop in oil prices and refining margins, ...
Texas is facing a major winter storm with extreme cold and snow, raising concerns about the power grid's ability to meet ...
Midland Reporter-Telegram on MSN13d
EIA: US oil production to grow through 2025, slow down in 2026The EIA predicts U.S. oil production will grow through 2025, with the Permian Basin leading, before slowing in 2026.
Diversified Energy Company PLC (NYSE:DEC) is reportedly in advanced talks to acquire Maverick Natural Resources, a private ...
Texas lawmakers are looking forward to a big year for the oil and gas industry and we spoke with local lawmakers and business leaders to learn more about the impact on the Basin.
The recent analysis by S&P Global Commodity Insights has revealed a significant milestone in the fight against climate change: a 26% reduction in methane emissions from oil and gas production ...
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