Reuters
Global oil prices were largely range bound in the first three months of 2024 despite rising geopolitical tensions, as non-OPEC members kept up supplies, while a milder winter season pushed natural gas prices to record lows. "U.S. production was up 35 percent from a year ago, and we continued to meet major project milestones," CEO Mike Wirth said in a statement. The higher production was due to the acquisition of PDC Energy, Inc and sustained strong execution in the Permian and Denver-Julesburg (DJ) Basins.