XOM · News · 20260807N

Permian Production Growth

ExxonMobil Holdings Corp · 2026-08-07 · Importance 20 · Surprise 24

Diamondback Energy increased its annual production forecast in response to elevated global oil prices and Middle East-related supply disruptions. The company expects 2026 production to exceed 1 million barrels of oil equivalent per day, signaling continued volume growth among leading Permian producers. It also cautioned that rising fixed costs in the Permian Basin could pressure producer economics and competition for services.

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