Chevron Expects Wheatstone Platform LNG Production To Resume In Coming Weeks: Report
Portfolio Pulse from Lekha Gupta
Chevron Corporation (NYSE:CVX) has initiated repair operations on its Wheatstone platform in Australia, with production expected to resume in the coming weeks. The suspension of LNG and domestic gas production at Wheatstone’s onshore facilities was due to the offshore platform’s provision of gas. Additionally, Hess Corp (NYSE:HES) has cleared a significant hurdle towards its merger. Investors can gain exposure to these stocks via SPDR Select Sector Fund – Energy Select Sector (ARCA: XLE) and IShares U.S. Energy ETF (ARCA: IYE).
June 13, 2024 | 12:37 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Chevron has started repair operations on its Wheatstone platform, with production expected to resume in the coming weeks. This could stabilize or potentially increase CVX stock price.
The resumption of production at the Wheatstone platform is a positive development for Chevron, likely stabilizing or boosting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hess Corp has cleared a significant hurdle towards its merger, which could positively impact its stock price.
Clearing a significant hurdle towards the merger is a positive development for Hess Corp, likely boosting investor confidence and its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Chevron and Hess via IShares U.S. Energy ETF (IYE).
Positive developments for Chevron and Hess could lead to an increase in the value of IYE, which holds these stocks.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
Investors can gain exposure to Chevron and Hess via SPDR Select Sector Fund – Energy Select Sector (XLE).
Positive developments for Chevron and Hess could lead to an increase in the value of XLE, which holds these stocks.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30