For years Big Oil producers chased U.S. shale profits with big spending hikes while seeking something even more elusive than the next big gusher: steady, sustained profitability. Now Chevron, long the industry’s No. 2 player, believes it hit upon a formula for just that. Leaning on West Texas’ booming Permian Basin, Chevron says its combination of sheer scale and technology …
Read More »U.S. shale oil boom transforms from money treadmill into cash cow, Chevron president says
