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Bloomberg reported that Chevron Corp. (NYSE:CVX) has decided to increase its oil and natural-gas output by one-fifth by 2017.
Bloomberg reported that Chevron Corp. (NYSE:CVX) has decided to increase its oil and natural-gas output by one-fifth by 2017.
As quoted in the market news:
The increase to the equivalent of 3.3 million barrels of daily production will come from the $37 billion Gorgon liquefied natural gas complex in Australia as well as deep-water, heavy- oil and unconventional projects such as shale gas, Vice Chairman George Kirkland said at the company’s analyst conference today in New York.