Chevron CEO: We like our position in the Permian Basin

West Texas’s Permian Basin is the key driver for shares of both Chevron Corp. and Exxon Mobil Corp., but Chevron has an edge over Exxon due to its “superior” cash position, analysts at Barclays say......»»

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Production in the Permian basin at the end of the year is expected to be about 125,000 barrels of oil equivalent per day......»»

U.S. oil company Chevron Corp is turning to joint ventures and drilling alliances in its bid to dominate the Permian Basin after abandoning a takeover that would have made it the leading producer in the world's biggest shale field......»»

Exxon and Chevron have filed for hundreds of new drilling permits in the Permian Basin so far this year. Are the majors about to squeeze the independents out of the country's most productive oil play?.....»»

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It’s the black gold of Permian Basin crude from West Texas that fuels the battle between Big Oil giants Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM), but for Barclays.....»»

The latest Permian Basin play is a ‘merger of equals’ between Callon Petroleum and Carrizo Oil & Gas, the first after Chevron Corp. lost out in the battle for Anadarko Petroleum Corp......»»

For investors looking for quality energy stocks with Permian and Denver-Julesburg Basin exposure, these stocks are among the best individual ideas, regardless of whether Chevron is interested in them......»»

Chevron has entered into ‘definitive agreement' to acquire An.....»»

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The oil giant is getting more than just additional land in the Permian Basin......»»

Stocks that moved substantially or traded heavily on Friday: Anadarko Petroleum Corp., up $14.98 to $61.78 Chevron will buy the rival oil company for $33 billion as it seeks more growth from deep-water exploration in the gulf and in the Permian Basin......»»

Chevron will gain access to potentially lucrative Permian Basin acreage, LNG operations in Mozambique, as well as attractive deepwater infrastructure in the Gulf .....»»

Chevron is buying Anadarko Petroleum in a $33 billion cash-and-stock deal as the company seeks to grow stronger in deep water exploration in the gulf and the energy-rich southwest region of Texas called the Permian Basin......»»

Chevron Corp said on Friday it would buy smaller rival Anadarko Petroleum Corp for $33 billion in cash and stock to strengthen its presence in the Permian basin and beef up its LNG business......»»

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An Exxon employee alleges that the company overvalued a key oil and gas property in Texas' Permian Basin, according to the Wall Street Journal. Kena Betancur/VIEWpress/Corbis via Getty Images .....»»

Exxon Slides After SEC Launches Probe Into Permian Basin Valuation .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»