Exxon Squeezes More Out of Giant U.S. Oil Field as Rivals Pare Back -- WSJ

Dow Jones12-09 22:16

By Collin Eaton

Exxon Mobil is using homegrown technology to keep boosting its oil and gas output from the biggest U.S. oil field, defying an industry slowdown.

The U.S. oil company is on track by 2030 to double production to 2.5 million barrels of oil and gas per day in the Permian Basin, it said in an investor presentation Tuesday. The target is 200,000 barrels a day higher than previous guidance.

The Permian is a crown jewel asset straddling West Texas and New Mexico. Many competitors project flattening growth there, as the field matures and companies run through the best of their drilling locations.

Exxon said early results show a 20% improvement in oil-and-gas recovery due to a new lightweight, so-called proppant technology. This holds open fractures of rock in wells that run miles into the earth.

Permian drilling is a key driver of Exxon's future earning growth. Exxon expects earnings to grow by $25 billion by 2030 at constant prices and margins-a $5 billion increase from earlier forecasts-without spending more.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 09, 2025 09:16 ET (14:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2590342587?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-09 22:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2590342587","market":"sg","top_or_hot":-1,"title":"Exxon Squeezes More Out of Giant U.S. Oil Field as Rivals Pare Back -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Collin Eaton \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/XOM\">Exxon</a> Mobil is using homegrown technology to keep boosting its oil and gas output from the biggest U.S. oil field, defying an industry slowdown. \n</p>\n<p>\n     The U.S. oil company is on track by 2030 to double production to 2.5 million barrels of oil and gas per day in the Permian Basin, it said in an investor presentation Tuesday. The target is 200,000 barrels a day higher than previous guidance. \n</p>\n<p>\n     The Permian is a crown jewel asset straddling <a href=\"https://laohu8.com/S/WTXR\">West Texas</a> and New Mexico. Many competitors project flattening growth there, as the field matures and companies run through the best of their drilling locations. \n</p>\n<p>\n     Exxon said early results show a 20% improvement in oil-and-gas recovery due to a new lightweight, so-called proppant technology. This holds open fractures of rock in wells that run miles into the earth. \n</p>\n<p>\n     Permian drilling is a key driver of Exxon's future earning growth. Exxon expects earnings to grow by $25 billion by 2030 at constant prices and margins-a $5 billion increase from earlier forecasts-without spending more. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2025 09:16 ET (14:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exxon Squeezes More Out of Giant U.S. Oil Field as Rivals Pare Back -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExxon Squeezes More Out of Giant U.S. Oil Field as Rivals Pare Back -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-12-09 22:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Collin Eaton \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/XOM\">Exxon</a> Mobil is using homegrown technology to keep boosting its oil and gas output from the biggest U.S. oil field, defying an industry slowdown. \n</p>\n<p>\n     The U.S. oil company is on track by 2030 to double production to 2.5 million barrels of oil and gas per day in the Permian Basin, it said in an investor presentation Tuesday. The target is 200,000 barrels a day higher than previous guidance. \n</p>\n<p>\n     The Permian is a crown jewel asset straddling <a href=\"https://laohu8.com/S/WTXR\">West Texas</a> and New Mexico. Many competitors project flattening growth there, as the field matures and companies run through the best of their drilling locations. \n</p>\n<p>\n     Exxon said early results show a 20% improvement in oil-and-gas recovery due to a new lightweight, so-called proppant technology. This holds open fractures of rock in wells that run miles into the earth. \n</p>\n<p>\n     Permian drilling is a key driver of Exxon's future earning growth. Exxon expects earnings to grow by $25 billion by 2030 at constant prices and margins-a $5 billion increase from earlier forecasts-without spending more. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2025 09:16 ET (14:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1066053197.SGD","symbol_name":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2590342587","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590342587","pubTimestamp":1765289760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Exxon Mobil is using homegrown technology to keep boosting its oil and gas output from the biggest U.S. oil field, defying an industry slowdown.The U.S. oil company is on track by 2030 to double production to 2.5 million barrels of oil and gas per day in the Permian Basin, it said in an investor presentation Tuesday. The target is 200,000 barrels a day higher than previous guidance.The Permian is a crown jewel asset straddling West Texas and New Mexico. Many competitors project flattening growth there, as the field matures and companies run through the best of their drilling locations.Exxon said early results show a 20% improvement in oil-and-gas recovery due to a new lightweight, so-called proppant technology. This holds open fractures of rock in wells that run miles into the earth.Permian drilling is a key driver of Exxon's future earning growth. Exxon expects earnings to grow by $25 billion by 2030 at constant prices and margins-a $5 billion increase from earlier forecasts-without s","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","LU0612318385.USD":"BGF NATURAL RESOURCES \"A2\" (USD) ACC","LU0266512127.USD":"摩根大通环球自然资源 A(acc)","BK4201":"综合性石油与天然气企业","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","SG9999002224.SGD":"Allianz Global High Payout SGD","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","SG9999002521.SGD":"United Global Resources A Acc SGD","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","SG9999014542.SGD":"United Income Focus Trust Acc SGD","BK4516":"特朗普概念","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","IE00B3CCJ963.GBP":"GUINNESS GLOBAL ENERGY \"C\" (GBP) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","IE00B2Q91V27.USD":"GUINNESS GLOBAL ENERGY \"C\" (USD) ACC","LU0266512473.USD":"JPM GLOBAL NATURAL RESOURCES \"C\" (USD) ACC","LU1883866441.USD":"AMUNDI FUNDS REAL ASSETS TARGET INCOME \"A2\" (USD) ACC","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","LU1929549753.HKD":"FRANKLIN INCOME \"A\" (HKD) INC","BK4534":"瑞士信贷持仓","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","IE00BGHQF524.EUR":"GUINNESS GLOBAL ENERGY \"C\" (EUR) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0456854461.SGD":"JPMorgan Funds - Global Natural Resources A (acc) SGD","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","BK4592":"伊斯兰概念","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","XOM":"埃克森美孚","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","LU1732800096.USD":"摩根大通环球收益基金A (irc)","BK4588":"碎股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC"},"translate_title":"随着竞争对手削减开支，埃克森美孚从美国巨型油田中榨取更多利润——《华尔街日报》","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XOM":1.5},"content_text":"By Collin Eaton \n\n\nExxon Mobil is using homegrown technology to keep boosting its oil and gas output from the biggest U.S. oil field, defying an industry slowdown. \n\n\n     The U.S. oil company is on track by 2030 to double production to 2.5 million barrels of oil and gas per day in the Permian Basin, it said in an investor presentation Tuesday. The target is 200,000 barrels a day higher than previous guidance. \n\n\n     The Permian is a crown jewel asset straddling West Texas and New Mexico. Many competitors project flattening growth there, as the field matures and companies run through the best of their drilling locations. \n\n\n     Exxon said early results show a 20% improvement in oil-and-gas recovery due to a new lightweight, so-called proppant technology. This holds open fractures of rock in wells that run miles into the earth. \n\n\n     Permian drilling is a key driver of Exxon's future earning growth. Exxon expects earnings to grow by $25 billion by 2030 at constant prices and margins-a $5 billion increase from earlier forecasts-without spending more. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  December 09, 2025 09:16 ET (14:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590342587","isCrawlerRequest":true}