As Exxon Pumps the Brakes on the Permian, Chevron Ramps Up

The video features an interview with Mike Wirth, CEO of Chevron, discussing productivity improvements in the Permian Basin, operational strategies, cost management, and future investment plans. Chevron aims to increase productivity and reduce costs through technological advancements and strategic planning. The company is confident in generating positive cash flow and sees significant resource potential in the Permian Basin, with plans to expand production and explore market opportunities.

What percentage increase in drilling efficiency did Chevron achieve from 2018 to 2020?

• 50%

• 40%

• 30%

• 60%

What is Chevron's break-even point mentioned in the discussion?

• $69

• $59

• $49

• $39

By the end of 2022, how much does Chevron plan to save in operating costs?

• $2 billion

• $1.5 billion

• $1 billion

• $500 million

What is Chevron's production target for the end of 2024?

• 500,000 barrels a day

• 750,000 barrels a day

• 1 million barrels a day

• 1.5 million barrels a day

How much free cash flow does Chevron aim to generate annually after investment?

• $5 billion

• $4 billion

• $2 billion

• $3 billion

What was Chevron's updated estimate of resources in the Permian Basin?

• 18 billion barrels

• 21 billion barrels

• 24 billion barrels

• 15 billion barrels

What percentage of the land in the Permian does Chevron hold?

• 15%

• 5%

• 20%

• 10%