Chevron's Strike Impacted Australian Gas Facility Resumes Complete Production
Portfolio Pulse from Vandana Singh
Chevron Corp's Wheatstone liquefied natural gas (LNG) facility in Western Australia has resumed full production after a fault last week resulted in a 20% reduction in production. Despite ongoing strikes, Chevron has committed to maintaining supplies from this major LNG terminal. The company's shares are up 0.54% at $167.40 during the premarket session on the last check Monday.
September 18, 2023 | 12:54 pm
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Chevron's Wheatstone LNG facility has resumed full production after a fault last week. Despite ongoing strikes, the company has committed to maintaining supplies. Chevron's shares are up 0.54% in premarket.
The resumption of full production at Chevron's Wheatstone LNG facility is positive news for the company, as it indicates that the company has managed to overcome the recent fault that led to a 20% reduction in production. This, coupled with the company's commitment to maintaining supplies despite ongoing strikes, is likely to boost investor confidence in the company's ability to manage its operations effectively. This is reflected in the 0.54% increase in the company's share price in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100