Exxon has grown its position in the Permian significantly since 2017, when it acquired some 250,000 acres from the Bass family that held an estimated 3.4 billion barrels of oil equivalent. Last year, it said it would buy shale producer Pioneer Natural Resources, further growing its footprint in the Permian.
The company is also planning to bring Guyana oil output to 1.2 billion barrels per day by 2027.
(This story has been corrected to say that Exxon Mobil eyes 2 million bpd output in the Permian basin, not the Delaware basin alone, in the headline and paragraph 1)
