********XOM Permian Ramp: Double Output by 2030 + Q4'25 Record Production + Tech Efficiency + US Output Urge + Rigs/Jobs Update********
Key Questions
What is ExxonMobil's target for Permian Basin output by 2030?
ExxonMobil aims to double its Permian output by 2030 through technology upgrades and low-cost inventory development. This growth is supported by steady rig counts at 553 and recent production records.
What production milestone did ExxonMobil achieve in Q4'25?
In Q4'25, ExxonMobil's Permian production reached 1.8 million boe/d, with plans to add 200k boe/d in 2026. This contributed to the company's overall record production of 4.7 million boe/d.
What did US officials urge oil majors like ExxonMobil to do?
US officials held a videoconference urging major oil companies, including ExxonMobil, to increase output following a shipping closure amid low inventories and gas prices. Executives appeared hesitant despite the push.
XOM targets doubling Permian output by 2030 via tech upgrades and low-cost inventory; Q4'25 hit 1.8M boe/d (+200k boe/d plan '26) contributing to co. record 4.7M boe/d; rigs 543 US-wide (down 42 YoY), Texas jobs -900 Feb but resilient postings; GHG targets met early, $20B buybacks at 29% returns; US officials urging majors incl XOM to hike output post-shipping closure amid low inv/gas prices/execs hesitant.