Chevron | April 24th, 2022Chevron plans to boost its production in the Permian Basin by 10% this year as economic and geopolitical events underscore the importance of meeting society’s expectations for energy security and cost efficiency as well as carbon reduction.
And as we help advance U.S. strategic objectives, we expect to reach one million barrels of oil equivalent per day in the region by 2025.
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Our disciplined approach to bolstering production is matched by our focus on lowering the carbon intensity of our operations.
In the U.S., our onshore methane intensity is 85% lower than the U.S. industry average and our Permian carbon intensity is about two-thirds lower than the global industry average.
This reflects the pragmatic approach we’re taking globally to deliver affordable, reliable, and ever-cleaner energy while investing in solutions that will help advance a lower carbon energy future.
Throughout Chevron’s global upstream operations, we’re producing energy at a carbon intensity well below the global industry average and are in the top quartile of all oil and gas producers.