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ExxonMobil targets 2.3 million barrels a day in Permian by 2030

Last updated: November 24, 2025 | Reading Time: 1 minutes
ExxonMobil currently produces 1.5M bpd from its Permian Basin holdings, with plans to increase that to 2.3 million barrels per day by 2030.

ExxonMobil targets set officials, like all other oil and gas producers, are closely watching the current economic climate. The company recently announced a reduction of 2,000 jobs — none in the U.S. — as part of a long-term restructuring plan.

“We are worried about prices,” said Rich Dealy, vice president, Permian Basin, with ExxonMobil.

Addressing Hart Energy’s Dug Permian conference, he continued, “Our depth of inventory is impressive even at current prices.”

Click here to read the full article
Source: mrt

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