Exxon to cut activity in Permian Basin as oil prices plummet The world’s five largest oil and gas companies in 2019 spent $88.7 billion on capital projects, down nearly 50% from the $165.9 To inspect the performance of the Permian Basin Oil and Gas Stocks portfolio, see the chart below. Portfolio values are computed using monthly closes for stocks from Quandl. The 12 stocks included in the portfolio computations are: APA, CPE, CVX, XEC, CXO, DVN, EOG, XOM, NBL, OXY, OVV and PXD. The Energy Information Administration reports that the Permian Basin is now producing 4.2 million BPD. For all of 2018 the Permian Basin averaged 3.4 million BPD, but production during the year increased by 1.1 million BPD. Production hit the 3.8 million BPD mark in October and has risen in every month since then.