Chevron is targeting 10% growth this year, more than twice the pace of publicly traded independent oil companies, setting it on course to pump 1 MMbpd from the region in 2025. Exxon sees production growth of nearly 7%, but is expected to double its overall output once it completes the $60 billion of Pioneer Natural Resources Co. by mid-year.
Wall Street analysts are trimming their earnings estimates for Chevron Corp and employees are preparing for potential job cuts as a series of operational setbacks are poised to bleed into 2024. .
By Sabrina Valle HOUSTON (Reuters) - Wall Street analysts are trimming their earnings estimates for Chevron Corp and employees are preparing for poten.