It’s one of the first signs that the majors are throttling back on production in response to the recent price slump. (Bloomberg) — Exxon Mobil Corp. is slowing the pace of its flagship shale project in the Permian Basin, one of the first signs that the oil majors are throttling back on production in response to the recent slump in prices. The U.S. energy giant will cut Permian production growth by about 10% over the next two years, the company said at its analyst day in New York on Thursday, but will stick to its long-term plan to almost triple output from the basin by 2024. Exxon’s short-term slowdown in the Permian stands in contrast to plans by rival Chevron Corp., which this week increased its output target for the basin to fund as much as $80 billion of dividends and share buybacks over the next five years. Oil […]