Exxon and Chevron report a 10% increase in Permian Basin and Guyana production, contributing to their $100bn acquisition spree.

Exxon and Chevron report a 10% increase in production from the Permian Basin and Guyana, contributing to their $100bn acquisition spree. Exxon's Guyana oil development saw a 70% surge in Q1 production, enough to cover 20% of global demand growth forecasted by the International Energy Agency. The Permian and Guyana stand out for their consistent growth in production, while Exxon and Chevron outpace major European competitors.

April 27, 2024
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