Chevron Slashes Capital Spending as Major Projects Start Up, Including Gorgon LNG
SUGAR LAND--May 1, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Stronger crude oil prices put Chevron Corporation (NYSE:CVX) (San Ramon, California) back into the black in first-quarter 2017, with capital spending dropping significantly as more projects, particularly a train at the massive Gorgon LNG project in Australia, were brought online. The company's production also ticked up, consistent with gains in worldwide oil-equivalent production. Industrial Info is tracking more than $92 billion in active projects involving Chevron, including $10.4 billion in the U.S. and $20.6 billion in Australia.
Within this article: Details on some of the highest-valued Chevron projects in North America and Australia, including the latest developments at Gorgon LNG and a major refinery in California.
