Remove 2019 Remove Barrel Remove Sustainable
article thumbnail

ExxonMobil’s Permian Basin Strategy: How Technology is Driving Efficiency and Growth

Oil Gas Leads

million barrels per day (bpd) accounting for over 16% of the basins total production. Reducing Emissions and Enhancing Efficiency A major theme of the discussion was ExxonMobils commitment to sustainability and efficiency gains. Unlocking the Permians Untapped Potential The Permian Basin remains a critical driver of U.S.

Basin 52
article thumbnail

Profits or Planet? BP’s ‘New Beginning’: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

By targeting a 40% cut in oil-and-gas output by 2030 relative to 2019 levels, he repositioned BP as a leader in renewables, wind, solar, and electric vehicle (EV) charging. Signed an MOU with the Iraqi government, exploring redevelopment in the Kirkuk oilfields, estimated at around 9 billion barrels of recoverable oil.

Oil 40