SUGAR LAND, Texas, May 1, 2017 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--Stronger crude oil prices put Chevron Corporation (San Ramon, California) back into the black in first-quarter 2017, with capital spending dropping significantly as more projects, particularly a train at the massive Gorgon LNG project in Australia, were brought online. The company's production also ticked up, consistent with gains in worldwide oil-equivalent production. Industrial Info is tracking more than $92 billion in active projects involving Chevron, including $10.4 billion in the U.S. and $20.6 billion in Australia.
Visit Industrial Info at Booth #9800 at the upcoming Offshore Technology Conference (OTC), May 1-4, at NRG Park in Houston, Texas. The OTC is the largest oil and gas sector trade show in the world. Last year, more than 68,000 attendees from 120 countries gathered at the annual conference, with more than 2,600 companies exhibiting.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chevron-slashes-capital-spending-as-major-projects-start-up-including-gorgon-lng-an-industrial-info-news-alert-300448295.html
SOURCE Industrial Info Resources