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Permian Powerhouses: 3 Oil Stocks to Watch Closely in 2025
CVXChevron(CVX) ZACKS·2024-12-19 14:31

The Permian Basin is more than just an oil-rich region; it’s the heartbeat of America’s Energy sector. Producing around 47% of U.S. crude oil and 8% of global supply, this prolific basin shattered records with 6.3 million barrels per day (bpd) in the third quarter. Its steady production growth and operational efficiencies make it a vital component of the global energy market. For investors, it represents a fountain of opportunity in 2025 and beyond.Major players like ExxonMobil (XOM) , Diamondback Energy (F ...