Maintenance impacts Chevron Australia

CHEVRON has flagged lower net oil-equivalent production from its international operations due to "maintenance activity" in Australia and downtime at the Angola LNG facility.
Maintenance impacts Chevron Australia Maintenance impacts Chevron Australia Maintenance impacts Chevron Australia Maintenance impacts Chevron Australia Maintenance impacts Chevron Australia

While results for the full December quarter are not yet available, in its interim update filing Chevron said it expected total earnings for the period to be comparable to the previous quarter.

It indicates a net income of around $US4.95 billion compared to average analyst expectations of around $5.69 billion, according to Reuters.

Chevron's New York-listed shares consequently experienced a minor 0.5% fall in after-hours trading on Thursday.

Chevron Australia has a one-sixth stake of the North West Shelf Venture and produces crude at Barrow Island.

The Gorgon LNG project it operates is due to start exports next year, while the Wheatstone LNG project it operates will start the following year.

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