Permian Basin
Named by management as a main driver of record US output in Q2 2026; also the gas supply for the Project Kilby power plant.
What it is
Chevron's largest US onshore position, producing oil and associated gas in West Texas and New Mexico. Its growth now feeds two channels: crude and gas sold into the market, and natural gas burned for the Project Kilby power plant.
Why it matters to the stock. Permian is the fastest-growing, lowest-cost barrel in the portfolio, and it is the main lever behind the US production record. Its gas also underpins the data-center power contract.
News
No stories tagged to this project yet.