Exxon Goes Big on New Fracking Tech: Eyeing Double Oil Production from US Shale
Portfolio Pulse from Nabaparna Bhattacharya
Exxon Mobil Corporation (NYSE:XOM) is exploring new fracking technologies to double its oil production from U.S. shale holdings over five years. The company aims to reach between 900,000 and 1 million barrels per day in the Permian by 2027, with 9% to 11% production growth.

June 02, 2023 | 12:50 pm
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Exxon Mobil's exploration of new fracking technologies could potentially double its U.S. shale oil production over five years, targeting 900,000 to 1 million barrels per day in the Permian by 2027.
Exxon Mobil's exploration of new fracking technologies could lead to a significant increase in oil production from its U.S. shale holdings. This would likely have a positive impact on the company's revenues and profitability, which could in turn boost its stock price in the short term. The company's goal to reach between 900,000 and 1 million barrels per day in the Permian by 2027, with 9% to 11% production growth, further supports the potential positive impact on its stock price.
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