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Chevron to Boost Permian Oil Production

As we help advance U.S. strategic objectives, we expect to reach one million barrels of oil equivalent per day in the Permian Basin by 2025.

Maintaining an inventory of drilled but uncompleted wells is part of our normal operating model. This enables a balanced approach to production where teams are in sync across the value chain, resulting in safer, more reliable, more responsible operations.

For the recent production boost, we have been able to put more of those wells on production while maintaining our 2022 capital expenditure guidance.

“Chevron is doing its part to grow domestic supply with U.S. oil and gas production,” said Mike Wirth, Chevron’s chief executive.

As we help advance U.S. strategic objectives, we expect to reach one million barrels of oil equivalent per day in the Permian Basin by 2025.