Chevron's Permian Wells Deliver More - With Less Spending

Key Takeaways CVX expects 5-6% CAGR in oil and gas output through 2026 while cutting reinvestment by 20%. New Mexico's Delaware Basin now accounts for 85% of CVX's development plans due to strong well performance. CVX sees $2B growth in Permian free cash flow by 2026, aided by low-royalty acreage and efficiency gains.Chevron Corporation’s (CVX) operations in the Permian Basin are showing strong results, and the company is doing it with less money. The energy supermajor expects its oil and gas production t ...