ExxonMobil: Permian Basin vital to corporate growth, sustainability

ExxonMobil has been able to grow reliable, affordable, low-carbon production while reducing emissions, which Cahir said is vital.

ExxonMobil is banking on its Permian Basin assets to fuel corporate growth in the coming years.

The multinational giant has targeted producing at least 1 million barrels per day from its Permian assets by 2027. In 2023 the company averaged 612,000 barrels a day and is forecasting a 10% average growth rate, according to Bart Cahir, the company’s senior vice president, upstream unconventional.

In Midland to address the Permian Basin Water in Energy Conference, Cahir sat for an interview at the offices of ExxonMobil’s subsidiary XTO Energy in northwest Midland.

In keeping with the purpose of his visit, Cahir said sustainability is as important to the company as its oil and natural gas output.

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Source: mrt

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