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

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).