SOURCE: Industrial Info Resources

Industrial Info Resources

May 02, 2011 06:30 ET

Chevron Boasts Big Profits in First-Quarter 2011 as Prices Increase

SUGAR LAND, TX--(Marketwire - May 2, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Higher prices for crude oil and refined products boosted Chevron Corporation's (NYSE:CVX) (San Ramon, California) first-quarter 2011 results, although most production saw slight declines. Net income for the quarter was reported to be $6.21 billion, a 36.45% increase from first-quarter 2010.

Industrial Info is tracking 125 projects worldwide that are worth a total of more than $79 billion, including the $15 billion Phase I construction of the Wheatstone LNG Production Plant in Onslow, Western Australia. As a part of the $30 billion Wheatstone LNG project, the project involves the construction of two liquefied natural gas (LNG) trains, which each will transport 4.5 million metric tons per year, and a production plant with an initial capacity of 8.9 million metric tons per year of LNG, sourcing the natural gas from the Wheatstone & Iago offshore production fields. For more information, visit Industrial Info's International Oil and Gas Production Project Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR'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. For more information send inquiries to oilandgasproductiongroup@industrialinfo.com or visit our website at www.industrialinfo.com.

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