News Summary

• Chevron is aiming for No.
• 1 in the leery eyes of a Wall Street that previously soured on the oil sector.
• The closing of its $53 billion megadeal to acquire Hess in July allows Chevron to focus internationally on new growth.
• The Permian Basin dominates the U.S. oil industry, producing almost half of the nation’s roughly 13.4 million barrels of crude oil daily.
• The oil boom struck the West Texas in 1920s when the Texas Pacific Railway tried to build a railroad from Texas to California.