Independent Producers Dominate Majors in the Permian

While ExxonMobil and Chevron have portrayed themselves as leaders in the Permian, it is unlikely that future operations from their current assets will propel either to top-producer status in the vast region that sprawls across Texas and New Mexico.

IEEFA's analysis of data from 2018 through 2020 found independent producers hold the highest-performing wells, and that metrics used by the two supermajors to portray leadership actually favor independent producers.