Chevron Corporation on Thursday announced that it would curb its greenhouse gas emissions from its oil production, the company said on Thursday, as the climate pressure on oil majors intensify, a company press release said. Meanwhile, Chevron’s climate pledges are not keeping the oil major from sinking its teeth into the Permian Basin, together with its team of shale allies , where it is in a race with ExxonMobil to see who will be the first company to pump one million barrels of shale oil every day, Reuters reported on Thursday. It has several joint ventures in the Permian, including with shale allies Cimarex Energy, (in Culberson County, Tx ) Concho Resources, Devon Energy, and EOG Resources. In today’s press release, Chevron Corp said it would reduce greenhouse gas emissions by 5% t0 10% over a seven-year period ending in 2023. It will also target a 2% to 5% […]