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Chevron further raises Permian production target

US-based oil major Chevron has announced that it is raising its targeted daily production in the Permian Basin to 725,000 barrels per day (bpd) of crude oil, a 15% increase on last year, compared to the 10% increase that had previously been announced. The Permian Basin makes up a significant proportion of total US crude oil production at Continue reading Chevron further raises Permian production target