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The desert kingdom has around 16% of the worldâs proven oil reserves and is the biggest global exporter of petroleum liquids. There is little doubt as to why its national oil company, Saudi Aramco, the biggest energy company in the world, generates over $1 billion in revenue every single day.
Today we are among the largest producers of oil and natural gas in the basin, and with approximately 2 million net acres of resources, Chevron is the Permian Basinâs largest net acreage holder. The basin spans West Texas and southeastern New Mexico.