U.S. Supermajors Target Cash Flow Boosts

The U.S. supermajors, ExxonMobil and Chevron, continue with their plans to make the most of their priority oil and gas assets and projects and grow cash flows despite the changing geopolitical scene. Last month, both companies announced their 2025 and medium-term capital expenditure plans, which include prioritizing production and development of their so-called advantaged assets. The biggest U.S. shale basin, the Permian, is a priority for both, but so are assets outside the United States, such as oil projects in Guyana and Kazakhstan and LNG developments…