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Chevron Looks Past Brutal End to 2019 Toward Big-Ticket Projects in Permian, Gulf

Chevron Looks Past Brutal End to 2019 Toward Big-Ticket Projects in Permian, Gulf

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Industry Segment: Production | Word Count: 690 Words
Attachment: Chevron4Q19

SUGAR LAND--February 3, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Chevron Corporation (NYSE:CVX) (San Ramon, California) saw a rough end to 2019 as oil demand declined worldwide and $10.4 billion in write-offs, largely from shale gas production, obliterated its bottom line. With commodity prices unlikely to see any strong increase in the near term, the oil and gas giant is turning to the Permian Basin and other high-growth areas. Industrial Info is tracking more than $52 billion in global projects involving Chevron, nearly 70% of which is attributed to projects under construction.

Within this article: Details on some of the highest-valued projects on Chevron's horizon, including a massive petrochemical project on the Gulf Coast and drilling plans in the Gulf of Mexico.

Other companies featured: Phillips 66 (NYSE:PSX), Qatar Petroleum

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