LNG

April 30 (LNGJ) - Chevron Corp. reported first-quarter earnings of $3.6 billion compared with $2.7Bln in the same three months a year ago. “Oil and gas production is increasing, most notably in our Gorgon and Wheatstone LNG projects in Australia, and our shale developments in the Permian Basin where production grew 65 percent from a year ago,” said Chairman and Chief Executive Michael Wirth. “Upstream volumes are expected to continue to increase in future quarters,” added Wirth. Chevron said production increases from shale and tight properties in the Permian Basin in Texas and New Mexico, and the base business in the Gulf of Mexico, were partially offset by the impact of asset sales of 39,000 barrels per day and normal field declines.