Chevron, ExxonMobil Announce Plans to Step Up Oil Production in Permian Basin

Oil production giants Chevron and ExxonMobil have announced plans to increase the amount of oil produced in the Permian Basin in the coming years. Due to unconventional methods — defined as extracting oil using methods other than a conventional oil well — oil production has skyrocketed in the Permian, leading to new pipelines, refineries, ports and transportation methods to move the oil and gas....

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