ExxonMobil Tripling Its Bet on the Hottest U.S. Shale Field

The New York Times

Exxon said that by 2025, it would triple its oil and gas production in the shale field Permian Basin, which straddles West Texas and New Mexico, to 600,000 barrels a day. The oil giant cited the recent corporate tax rate reduction as a reason for the increase.

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