Permian Production Peaks Hit New Records for Exxon and Chevron

Exxon Mobil and Chevron, two of the largest US oil majors, have reached new production peaks in the Permian Basin, according to a recent report by Energy Intelligence. The companies delivered record production from the second quarter of this year, despite market conditions strengthening.

The Permian Basin is one of the most prolific oil-producing regions in the United States, and Exxon Mobil and Chevron are among its largest operators. While their new production records may indicate increased efficiency or improved extraction techniques, both companies remain committed to their existing upstream plans.