ExxonMobil (XOM) CEO says that there's no near term peak in the Permian Basin

The ExxonMobil CEO's assertion that there is no near-term peak in the Permian Basin could imply sustained production levels, which may affect oil supply dynamics and pricing in the near future.

Newsquawk StaffPublished 30 Jan 2026, 14:59 UTCOn the live feed at 14:39 UTC — 4 more headlines followed before this page went public

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14:45

US Chicago PMI (Jan) 54.0 vs. Exp. 44 (Prev. 43.5)

14:40

House GOP leaders will delay their call to 16:30EST, as the Senate struggles to pass the funding deal, via Politico

14:39

ExxonMobil (XOM) CEO says that there's no near term peak in the Permian Basin

14:34

Guyana's oil production averaged 892k/BPD in December

14:32

Druckenmiller says Warsh is not a permanent policy hawk, FT reports; outlining that Warsh thinks it is possible to have growth without inflation

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Context

This sentiment might add pressure on crude prices and influence investor sentiment towards energy equities, particularly for companies that are heavily entwined with U.S. shale production. Investors should also consider the broader implications for the energy market amidst evolving supply-demand balances.

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