Chevron had ‘strong’ Permian output growth in Q4, 10% increase eyed for 2022: CEO

Chevron’s Permian Basin production showed “strong” production growth in fourth-quarter 2021 which was just shy of the landmark 700,000 boe/d level, and 50% higher activity levels are projected this year for the company’s operation in the giant West Texas/New Mexico basin, its top executive said Jan. 28. The company is targeting full-year Permian production growth of 10% in 2022, which…