Chevron is nearing peak production in the Permian Basin and is strategically shifting its focus from growth to generating ...

Chevron and ExxonMobil both planned to up their oil and gas operations in the Permian Basin, during a time of rising interest in the fossil fuel region spanning southeast New Mexico and West Texas.

Water cuts are especially high in the Permian basin, and produced water volumes could grow by up to 92%, or as high as 12.5 billion barrels per year by 2028, according to some estimates.

The Chevron CEO stated that Chevron’s production from the Permian Basin averages 50% oil, 25% NGL, and 25% gas, which is similar to the corporation’s other assets.

Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U.S. oil ...

Chevron Corp. plans as much as $80 billion in dividends and share buybacks over the next five years, boosting distributions by 20 percent compared with the most recent pace of payouts as the U.S ...

The nation's two largest oil companies said Tuesday they plan to significantly hike their activity in West Texas' Permian Basin and dominate the region, spending even more money while others cut ...