Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[Timothy Smith]

$CVX cont. - On the other hand, if it turns out that prolific spots in the basin are more limited than previously hoped, Chevron is unlikely to grow its operations in the basin simply to show more growth, as this is not why many investors buy or hold the shares. In such a scenario, a failure to increase Permian CapEx might be seen. A large stake in the basin alongside with the focus on the free cash flow rather than just growth is what makes Chevron a particularly interesting company to watch as an indicator of the Permian's true worth - a canary in the Permian.