XOM · News · 20261105N

Permian Midstream Agreement

ExxonMobil Holdings Corp · 2026-11-05 · Importance 40 · Surprise 42

Targa Resources cited a new 20-year agreement with ExxonMobil as support for ongoing Permian infrastructure development. Targa plans additional processing plants and infrastructure expansions to meet growing demand, including from its Permian and NGL transportation business. The report does not specify the agreement’s volumes or infrastructure scope, but its long duration indicates a sustained midstream relationship serving ExxonMobil’s Permian operations.

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