Reuters logo
BRIEF-Exxon aims to boost Permian output 45 pct/year through 2020
October 27, 2017 / 2:58 PM / a month ago

BRIEF-Exxon aims to boost Permian output 45 pct/year through 2020

Oct 27 (Reuters) - Exxon Mobil Corp

* Says no plans to make any share repurchases in Q4

* Says will grow Permian rig count to 30 - from 20 currently - by end of 2018

* Says will drill first 3-mile lateral in Permian by end of year

* Says Permian production will grow 45 percent per year through 2020

* Says expects 2018 capital budget ‘in the general ballpark’ of about $25 billion

* Says considering two more phases of Guyana project given recent success in oil project there Source text for Eikon: Further company coverage: (Reporting By Ernest Scheyder)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below