KEY POINTS
- Chevron says its U.S. oil and gas production has increased by nearly 60% in the last three years.
- The company plans to invest over $10 billion in U.S. energy projects in 2026 to boost production and energy security.
- Chevron’s Permian Basin operations now produce more than one million barrels of oil equivalent daily.
Chevron has announced plans to expand its energy investments across the United States as the country experiences growing demand for fuel and electricity.
The energy giant said its domestic oil and gas production has risen by nearly 60 per cent over the past three years, while more than half of the energy it produces is now supplying homes, industries, and businesses across the U.S.
Chevron also revealed that almost 60 per cent of its refining capacity is located within the country, helping to strengthen local fuel supply and reduce pressure on imports.
According to the company, its refineries operated at their highest levels in over 20 years throughout 2025 as demand for energy products continued to increase.
Chevron disclosed that its refining capacity reached about 1.099 million barrels per day in 2025, enabling it to sustain fuel distribution across multiple regions in the United States.
The company noted that rising population growth, increased industrial activity, technological expansion, and transportation needs are driving higher energy consumption nationwide.
Permian Basin Operations Cross One Million Barrels Daily
Chevron identified the Permian Basin as a major pillar of its growth strategy, describing the region as the most important oil-producing area in the United States.
The company stated that production from its Permian Basin operations has now exceeded one million barrels of oil equivalent per day.
It also projected that the basin could contribute nearly half of total U.S. oil production by 2030.
Chevron added that its assets in the Gulf of America are expected to produce around 300,000 barrels of oil equivalent daily this year.
Looking ahead, Chevron said it intends to invest more than $10 billion in U.S.-based energy projects in 2026.
The investments are expected to support increased oil production, strengthen energy security, expand operational infrastructure, and create employment opportunities across several regions.
The company maintained that expanding energy infrastructure remains essential for supporting economic growth and ensuring stable energy supply amid global market uncertainties.
