Chevron Targets 20% Oil, Gas Output Growth by End of 2017
This article is for subscribers only.
Chevron Corp., the second-largest U.S. energy company by market value, plans to boost oil and natural-gas output by one-fifth through the end of 2017 with new wells from Australia to the Gulf of Mexico.
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.