Forced festivals, Exxon and Chevron, eat spousal paths as leaders of the prosperous Permyan

While West Texas Production Commander aims to increase its size by another 50 % in the next five years and continue to grow until 2030, Chevron follows the “plateau” approach and focuses on free cash flow.

The two companies reported their profits on August 1, just two weeks after they were reluctant to become partners When it is a ruling from the controversial arbitration battle In favor of Chevron, the company was allowed to close it for its acquisition of $ 53 billion Hydrate The crown journey is 30 % in Exxon, the discovery of oil abroad from Guena – can be the largest discovery of oil in the century.

However, for both companies, Permian is their leading base in oil and gas sizes. In fact, the Pramean represents nearly half of the country’s record in the country 13.4 million barrels per day of crude oil. Exxon has informed the growth of its sizes to 1.6 million barrels of the equivalent of oil daily, including natural gas, while Chevron achieved its goal in 2025, which is one million barrels per day during the second quarter.

Chevron aims to maintain a relatively fixed pierce output.

“We are very happy with the existence of such a large rocky portfolio, and at some point, growth is less than free cash flow, and we are approaching this point,” said Chevron Mike’s CEO and CEO and inherits in a profit call.

On the other hand, EXXON aims to reach 2.3 million barrels per day in The Permian by 2030. Exxon Chairman and CEO Darren Woods said he does not agree to the idea of “peak” blind oil production amid weaker prices and a ripe basin. Exxon also finds himself in a vibrant site after taking over $ 60 billion last year from the leader of Al -Barry The leading natural resources.

“We are long hurt,” Woods said. ” “We have prompted the increasing confidence that the projection we have in 2030 is upward and will continue to grow.”

Woods said Exxon is open to more seizures to move forward – only does not grow for growth. Any deal should be proven “one in addition to one equal to three”.

Woods said: “This, in my opinion, is the magic of successful acquisitions and what we are looking for,” Woods said.

Exxon and Chevron delivered the quarterly rhythms, but their profits decreased in an environment for a decrease in oil prices. The EXON Classical Entrance of $ 7.1 billion decreased year on an annual basis from 9.2 billion dollars. Chevron fell $ 2.5 billion in net income by 43 % year on year from $ 4.4 billion.

The ruling is strongly expected

In Guaana, the prolonged ruling from a jury supervised by the International Chamber of Commerce on July 18 decided that the acquisition of Chevron for Lahis did not violate the right of Exxon to the first rejection of Hess’ Guyana Stake because it bought the entire company and not just the position of Guyana.

Although most industrial monitors expected Chevron to prevail, Woods said on August 1 that the referee was a “surprise”.

“We were very confident in our position,” Woods said. “After we participated in writing the contract, we understood its intention and believed that the contractual language was conveyed. Unfortunately, the court interpreted it differently. While we are disappointed, we respect the process and the ruling.”

Woods said that the Joana joint production volumes should grow to at least 1.3 million barrels of oil equivalent daily by 2030.

For Chevron, the acquisition of HESS and Guyana helps compensate for the results of global oil and gas exploration “disappointing” in recent years. Worth said that the company was leaning on the US land volumes, costs and international developments for the long session that was under development.

He said the exploration will grow forward. “But in general, Modus Opendi or our reputation in capitalist discipline will remain.”