Chevron: Reports Of The Death Of Shale Oil Are Greatly Exaggerated

About: Chevron Corporation (CVX)
by: Robert Boslego
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Robert Boslego
Portfolio strategy, oil & gas, medium-term horizon

Chevron and Exxon Mobil want to dominate Permian shale oil production.

Chevron is partnering to gain competitive advantages.

Permian takeaway capacity limits lifted in August.

New pipeline capacity may grow as much as 3 million barrels per day.

The limits to shale growth are not in sight yet.

Chevron Corp (CVX) is in a race with Exxon Mobil (XOM) to be the first to pump one million barrels per day from the Permian Basin. Chevron produced 455,000 b/d in