Chevron plans to significantly boost Permian output

Chevron is cranking up the valves at the largest US oil field.

BY MARKETWIRE, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Oil company plans to increase output at its Permian Basin oil field by approximately 10 percent compared to last year, writes Bloomberg News.

Last year, Chevron produced 608,000 barrels of oil a day from the field, which is the largest in the US.

Several oil majors are currently boosting output to capitalize on the past year's surging oil prices, which have reached the highest level for many years.

Oil edges down after week of gains

Chevron triples green investments to USD 10bn

Chevron swallows USD 10-11 billion in losses

Oil edges down after week of gains
Chevron triples green investments to USD 10bn
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Chevron swallows USD 10-11 billion in losses
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