EXXON AND CHEVRON HIKE OIL PRODUCTION DESPITE GLOBAL GLUT AND SEE MORE ‘FRONTIER EXPLORATION’ AS U.S. SHALE BOOM SLOWS
https://s.yimg.com/ny/api/res/1.2/5hhqLGbu6TmZVrRgwiTEGQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04NTc-/https://media.zenfs.com/en/fortune_175/281ebb674fb119564dd997106b598b7d
✍️ Big Oil leaders Exxon Mobil, Chevron, and Shell continue to increase their crude oil production despite concerns of a global oil glut, threatening to further lower oil prices.
👉 Exxon Mobil and Chevron are increasing production in the Permian Basin 👉 Shell is exploring international offshore areas, including South America and Africa 👉 OPEC nations are continuing to export more barrels each month 👉 Big Oil companies are highly profitable, despite weaker pricing 👉 Exxon, Chevron, and Shell are focusing on long-term projects and frontier exploration
-- #DarrenWoods(ExxonCEO) #MikeWirth(ChevronCEO) #WaelSawan(ShellCEO) #WestTexas #PermianBasin #GulfofMexico #Guyana #Suriname #Brazil #Angola #Nigeria #Namibia #MiddleEast #business
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