Chevron Corp., the oil and gas major and leading LNG producer, said the mandatory retirement age for President and Chief Executive Mike Wirth had been waived by the company and he would be staying on as Chevron also provided a preview of likely second-quarter earnings.
Chevron Corp. expects 2022 it be better than last year with improving Permian Basin activities and steady flows of cargoes from the US major’s two operated liquefied natural gas plants in Western Australia as the company also addressed LNG futures trading and other issues.
US major Chevron Corp., a key operator of LNG export plants in Australia and Africa, reported third-quarter earnings of $6.1 billion, the highest in more than eight years and expressed optimism over natural gas markets and future LNG operations.
Chevron Corp., the US major with liquefied natural gas stakes in Western Australia and Angola, reported a drop in earnings in the first quarter of over 60 percent and has outlined its repair and maintenance schedule for the Australian LNG processing Trains.
Chevron Corp. expects to resume LNG production by the end of November at Train 2 of the Gorgon liquefaction and export plant it operates on Barrow Island in Western Australia, while it was pleased with the completion of its acquistion of Noble Energy and its East Mediterranean naural gas assets.