Exxon and Chevron hike oil production despite global glut and see more ‘frontier exploration’ as U.S. shale boom slows

fortune.com/2025/10/31/exxon-chevron-shell-oil-production-global-supply-glut-exploration-opec-output

Big Oil leaders Exxon Mobil, Chevron, and Shell continue to hike their crude oil production volumes from West Texas’ Permian Basin to the Gulf of Mexico and deepwater Guyana despite concerns of a rising global oil glut as OPEC nations keep exporting more barrels each month.
The production…

This story appeared on fortune.com, 2025-10-31 19:57:00.
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