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US multinational oil and gas company Chevron Corporation and its lesser peer Hess Corporation are reported to be going ahead with their planned merger despite arbitral proceedings launched by Exxon Mo
The U.S. supermajors are doubling down on oil production from the two most prolific growth basins, the Permian shale patch and a top-performing block offshore Guyana.
Chevron continues to prioritize Permian Basin investment for new production and is seeing D-J Basin growth after closing its $6.3 billion acquisition of PDC Energy last year, CEO Mike Wirth said.
Exxon Mobil Corp will shut down two offshore oil production projects in Guyana for two weeks each, between July and August…
ExxonMobil’s first discoveries here were in 2016; by the end of 2026 they’ll likely be pumping 1.2 million barrels per day.