Macquarie flags Wheatstone cost blow-out

MACQUARIE Group says the price tag for Chevron Corporation's $US29 billion Wheatstone LNG project could soar 14% to $33 billion ($A46.45 billion) after its start date was delayed about six months – the last thing the supermajor needs after it just swung to a $588 million loss from earnings of $3.5 billion a year prior, its first in 13 years.

Macquarie flags Wheatstone cost blow-out Macquarie flags Wheatstone cost blow-out Macquarie flags Wheatstone cost blow-out Macquarie flags Wheatstone cost blow-out Macquarie flags Wheatstone cost blow-out

The bank's Sydney-based analyst Kirit Hira wrote in a note yesterday that "schedule slippages rarely do not transpire to additional cost pressure".

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