Permian Production Could Be Plateauing, Occidental Says

May 12, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Oil production from the Permian Basin there, the head of Occidental Petroleum Corporation (NYSE:OXY) (Houston, Texas) said.With an expected average of 6.5 million barrels per day (BBL/d ) of oil, the Permian Basin is the largest inland oil-producing reservoir in the nation. Those barrels account for about half of the total U.S. crude oil production.
Vicki Hollub, the chief executive officer, director and p