Exxon and Chevron place long-term bet on Permian shale boom

Exxon and Chevron place long-term bet on Permian shale boom

Two largest US oil groups confident of overcoming financial and technical challenges

The big oil companies turned up late to the Permian party, but they are making up for lost time. ExxonMobil and Chevron, the two largest US oil groups, this week announced plans for spectacular production growth in the Permian Basin, the heartland of the US s… [+8875 chars]

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