ExxonMobil sees US Permian production growing by over 25% in 2022, narrows capex range

ExxonMobil sees its US Permian Basin production growing 25% during 2022, about the same amount of ramp-up as last year, the company’s top executive said Feb. 1. The company also narrowed its capital budget range to $21 billion-$24 billion, CEO Darren Woods said during a fourth-quarter 2021 earnings call. That was down from a broader $20 billion-$25 billion targeted in…