AUSTRALIA

Banks warn on Chevron

BARCLAYS and Standard & Poor's have cut their expectations for Chevron, believing the "wave of development delays and outages" would hurt the US super-major in the near-term as it faces further Gorgon and Wheatstone delays and cost pressures.

Anthony Barich

Chevron warned in its second quarter investor briefing this week that it could miss its revised year-end target to ship first cargo from the $54 billion Gorgon LNG project in Western Australia. "The...

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