ExxonMobil (XOM), Chevron to Raise 2024 Permian Basin Oil Output

Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX), already major players in the Permian Basin, are gearing up for a significant increase in production in 2024.The move indicates that U.S. oil production could surpass previous expectations, repeating the trend observed in 2023.ExxonMobil’s Expansion through AcquisitionExxonMobil entered an agreement to acquire Pioneer Natural Resources Company (PXD) for $64.5 billion, marking a significant expansion in the Permian Basin. This acquisition is set to ...