OilProduction

Chevron Anticipates Strong Oil Production Growth in the Permian Basin

2 months ago

Chevron Corporation is set to experience a notable surge in oil production from the Permian Basin, as the energy giant projects an increase of as much as 10% in output for the year 2025. This forecast illustrates not only the company's ambitious goals but also reflects the potential resilience and growth of the U.S. energy sector amid fluctuating market conditions.

ExxonMobil Surpasses Earnings Expectations Amidst Declining Oil Prices

2 months ago

In a remarkable financial performance, ExxonMobil reported earnings that exceeded analysts' expectations on January 31, 2025. This surge in profitability can be attributed significantly to a notable increase in production levels even as the global oil market grapples with decreased prices. The company's resilient operational strategies and cost management have enabled it to thrive despite the prevailing market challenges.

Matador Resources Ups Its Game: Significant Boost to 2024 Oil Production Goals

6 months ago

Matador Resources Co., a prominent player in the Permian Basin, has recently announced an ambitious increase in its oil production targets for 2024. This decision comes in the wake of a robust performance in the current year and reflects the company's confidence in both its operational capabilities and the favorable market conditions for oil.