Chevron has so far curtailed a relatively small amount of its oil and gas production due to low crude prices and dwindling demand from the global coronavirus pandemic, but bigger cutbacks are in store for May and the second quarter, its top executive said Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The company plans to shut in 200,000-300,000 boe/d in May, with further volume reductions to come, CEO Mike Wirth said during a first-quarter earnings call. A sizeable amount of curtailed volumes will come from the US’ Permian Basin in West Texas/New Mexico, Wirth said, where production in Q1 was 580,000 boe/d, up 13% sequentially. The play, the crown jewel of Chevron’s portfolio and production, has grown […]