The legacy Permian Basin operations guided Chevron Corp. to record U.S. production in 2022, with natural gas and oil output from the play rising 16%, the supermajor said Friday.

chevron

CEO Mike Wirth led a conference call with the executive team to discuss fourth quarter and full-year performance. 

“We delivered record earnings and cash flow in 2022, while increasing investments and growing U.S. production to a company record,” Wirth said. Investments increased by more than 75% year/year, with U.S. production increasing to 1.2 million boe/d.

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