Chevron, Exxon plan to keep boosting oil production, even as crude gets cheaper. What gives?

Core Viewpoint - Chevron and Exxon are recognized as financially robust companies with a long-term strategic vision, planning for the next 20 to 30 years [1] Company Analysis - Chevron and Exxon are described as "deep-pocketed names," indicating their strong financial positions and ability to invest significantly in future projects [1] - The companies are focusing on long-term sustainability and growth, which suggests a commitment to adapting to future market conditions and energy demands [1] Industry Insights - The mention of a 20 to 30-year outlook reflects a broader trend in the energy industry where major players are increasingly considering long-term impacts and investments in renewable energy sources [1]