ExxonMobil has warned Kazakhstan that the Tengiz oil field, the country's largest, will hit its production peak next year and then decline nearly 40% by 2035 to around 500,000 barrels per day. The company sees potential growth from the Kashagan field, where a joint investment of $80 billion could add up to 600,000 barrels per day, though a $5 billion environmental fine and a $150 billion arbitration claim must first be resolved. Exxon is investing $100 billion through 2030 to lift total production from 4.7 million barrels per day last year to 5.5 million by 2035, driven by the Permian Basin, Guyana, and LNG projects including Rovuma in Mozambique and Papua New Guinea.
Chevron Corp
Targa Resources IncExxon Mobil CorpExxon's Tengiz peak and decline are offset by growth plans, but the warning highlights production challenges; overall investment and growth targets are positive.
NVIDIA Corporation
