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MARKETS

Chevron's Australian assets key to 36% profit jump

CHEVRON Corporation has hailed the rising contributions of its Gorgon and Wheatstone LNG projects in Australia as it beat even the most optimistic of analyst expectations to turn a profit of US$3.64 billion during the first quarter of 2018.

James Bowen
Chevron's Gorgon project

Chevron's Gorgon project

  Buoyed by stronger oil and gas prices and rising production, the figure was a 36% improvement on the previous corresponding period.   It was mainly fuelled by a more than doubled increase in earnings...

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