Chevron Eyes More Activity in Permian, Gulf of Mexico as Profits Soar

Chevron Eyes More Activity in Permian, Gulf of Mexico as Profits Soar

Chevron Eyes More Activity in Permian, Gulf of Mexico as Profits Soar


Attachment: Chevron1Q22

May 2, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Many Americans are dreading their next trip to the gas station, but that's all the same to Chevron Corporation (NYSE:CVX) (San Ramon, California), whose profit more than quadrupled during the first quarter of 2022, on the back of higher oil and gas prices.

Industrial Info is tracking more than $54.5 billion worth of active projects from Chevron globally, including more than $14.7 billion in the U.S.

Industrial Info also is tracking progress at 23 Chevron-owned facilities based in the Permian Basin, as well as numerous deepwater drilling developments and one of the largest and most ambitious petrochemical projects from Chevron Phillips Chemical Company, a joint venture with Phillips 66 (NYSE:PSX).

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