Same Conference, Same Day, Same Bet: Chevron and ExxonMobil Double Down on LNG

Chevron (CVX) and ExxonMobil (XOM) both announced ambitious plans for increased liquefied natural gas (LNG) production at the Gastech conference in Bangkok, anticipating continued long-term global demand despite disruptions. Chevron aims for 20 million metric tons of LNG supply capacity across four continents, while ExxonMobil increased its 2030 LNG sales forecast to 50 million tons per year. Both companies' strategic moves suggest a belief that current geopolitical disruptions will necessitate