Thread regarding Chevron Corp. layoffs

CVX Production growth: Plans to grow production by 2–3% annually through 2030.

Is this attainable given top line decline rates are 9%

MW is promising something like 12% production increases per year to account for production declines and well failures.

Is this doable or will more companies need to be purchased?
Possibly a Permian Pure Play, and a multinational large independent


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| 1771 views | | 6 replies (last November 15) | Reply
Post ID: @OP+1k9wn9d0d

6 replies (most recent on top)

Easy. Drill low value high GOR wells. The value of the Permian is its masking attributes rather than its profits.

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Post ID: @qr+1k9wn9d0d

With all the extra activity they're expecting to hire a few thousand people in the US

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Post ID: @gc+1k9wn9d0d

We'll have to pick up more rigs and buy more acreage to do this. The plan is to pick up an additional DJ rig in May. I've heard rumblings of another in LATAM but I assume we'll also be picking up another in the Permian as well.

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Post ID: @dp+1k9wn9d0d

All our upcoming exploration successes coming up shortly will lead to higher production. Just wait for 2027, wall st !

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Post ID: @dc+1k9wn9d0d

And then it all falls apart in 2033

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Post ID: @bd+1k9wn9d0d

Ahem...what's the name of this site?

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Post ID: @av+1k9wn9d0d

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