Chevron to Increase 1/5th Output by End of 2017

- March 13th, 2012

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.

Click here to read the full Bloomberg report.

Leave a Reply