As production in the Permian Basin drives growth for Chevron Corp., a trio of other shale and tight assets, Tengiz expansion projects in Kazakhstan and subsea tieback opportunities in the Gulf of Mexico (GoM) are also primed to help push the company toward its goals.

The U.S. major said March 5 it expects to deliver 3% to 4% annual global production growth through 2023.  About 1.5 million barrels of oil equivalent per day (MMboe/d) in new production is anticipated, driven mainly by lower risk, short-cycle assets.

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