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upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2024.
We are focused on delivering more affordable and reliable energy from this region, building our capacity to over 400,000 barrels of oil equivalent per day (bbl/d) by the end of the decade, he added. Globally, bp expects to grow its upstream production between 2.32.5 The post bp Unveils New Oil Discovery at Gulf of America.
billion in 2030 and 2031. HRT is directly connected to the Hardisty Diluent Recovery Unit, an innovative facility which separates diluent from raw bitumen prior to rail transportation, allowing for a competitive netback for upstream producers versus pipeline alternatives. Capital expenditures are expected to average $0.9 $1.0
At the top of this tight oil corporate ecosystem is ExxonMobil , with a single-asset NPV10 of over US$100 billion a valuation that matches or exceeds the entire global upstream portfolios of BP and TotalEnergies. By 2030, this elite group of seven companies will hold nearly all remaining inventory with breakeven prices below US$45/bbl WTI.
Jim Chapman With a target of $18 billion in structural savings by 2030, Exxon has shown how scale and capital discipline can drive sustainable breakevens, particularly in the Permian Basin. Mike Wirth, Chevron CEO Wood Mac data shows that weve got the lowest upstream breakeven in the industry.
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