Exxon Mobil Corp on Tuesday estimated production at its top U.S. shale field would rise to 1 million barrels of oil and gas per day as early as 2024 – from 600,000 by 2025 previously. The target is five times as much as the company now produces in the Permian Basin of West Texas and New Mexico where the world’s largest publicly traded oil company has 1.6 million acres. Exxon said in a statement that its production would be profitable in the Permian even if oil prices fell to $35 per barrel. U.S. oil futures settled at $56.59 a barrel on Monday. Exxon has 48 rigs working in the Permian – about 10 percent of the region’s […]