Chevron is the largest shale oil producer in the U.S. In 2020, the California based Big Oil company produced an average of ** barrels of shale oil and condensate products per day. That same year, the company ranked second in a list of largest U.S. oil and gas companies based on market capitalization. ExxonMobil, the most valuable U.S. oil company, is the fifth largest shale oil producer, at ** barrels.
Coronavirus' impact on oil & gas industry
The oil and gas industry has seen various challenges as the world moves towards clean energy and many governments implement tougher climate policies. The 2020 coronavirus pandemic presents yet another challenge, as oil demand declines and many oil supermajors are left scrambling to revise capital expenditures for the year.
As a result of this crisis, 2020 has already seen a number of considerable mergers and acquisitions of financially compromised companies. ConocoPhillips announced plans to acquire Concho Resources, while Devon Energy has proposed a merger with WPX Energy. Meanwhile, Chevron bought hydrocarbon exploration company Noble Energy.
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Axios. (October 20, 2020). Leading shale oil producers based on daily average crude oil and condensate production in the United States in 2020* (in 1,000 barrels per day) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1181897/oil-largest-shale-oil-producers/
Axios. "Leading shale oil producers based on daily average crude oil and condensate production in the United States in 2020* (in 1,000 barrels per day)." Chart. October 20, 2020. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1181897/oil-largest-shale-oil-producers/
Axios. (2020). Leading shale oil producers based on daily average crude oil and condensate production in the United States in 2020* (in 1,000 barrels per day). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1181897/oil-largest-shale-oil-producers/
Axios. "Leading Shale Oil Producers Based on Daily Average Crude Oil and Condensate Production in The United States in 2020* (in 1,000 Barrels per Day)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 20 Oct 2020, /statistics/1181897/oil-largest-shale-oil-producers/
Axios, Leading shale oil producers based on daily average crude oil and condensate production in the United States in 2020* (in 1,000 barrels per day) ÌÇÐÄÆƽâ°æ, /statistics/1181897/oil-largest-shale-oil-producers/ (last visited July 27, 2026)
Leading shale oil producers based on daily average crude oil and condensate production in the United States in 2020* (in 1,000 barrels per day) [Graph], Axios, October 20, 2020. [Online]. Available: /statistics/1181897/oil-largest-shale-oil-producers/
