Chevron's Management Thinks It Can Accomplish 2 Conflicting Goals at the Same Time

Chevron's Management Thinks It Can Accomplish 2 Conflicting Goals at the Same Time

Grow production or preserve capital? This is the question that haunts every oil and gas producer's management team. For years, they have always had to choose one or the other. Chevron's (NYSE: CVX) management thinks it can accomplish both of these things at the same time, though, and it's banking on one asset it thinks can make it happen: The Permian Basin.

Here are a few quotes from Chevron's management team from its most recent conference call that highlight why it thinks the Permian can be such a formidable force for its portfolio in the coming years.

Image source: Getty Images.

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Source: Fool.com