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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