Chevron Corp CVX:NYSE

Last Price$71.81Cboe Closing Price as of 4:14PM ET 9/24/20
Cboe Real-Time Quotes
Today's Change-0.14(0.19%)
Bid (Size)$71.80 (6)
Ask (Size)$72.00 (20)
Day Low / High$70.51 - 73.03
Volume14.9 M

Market Chatter: Regulator Orders New Inspections at Chevron LNG Plant in Western Australia

12:31PM ET 8/07/2020 MT Newswires
Chevron (CVX) was ordered by an Australian regulator to inspect the propane heat exchangers at its Gorgon liquefied natural gas plant after a trade union raised safety concerns, Reuters reported.

It was unclear whether Chevron would have to shut down two of its trains at the plant in Western Australia to complete the inspections and any potential repairs, Reuters reported.

Chevron said it received notices from the regulator about improvements for the Train 2 heat exchangers in addition to notices for trains 1 and 3, Reuters reported. The company also told the news service it was working with the agency on planning and making any necessary repairs.

Gorgon is 47.3% owned and operated by Chevron, according to the report. Exxon Mobil (XOM) and Royal Dutch Shell (RDS-A,RDS-B) each own 25% while the remainder is owned by Japanese entities, Reuters reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 86.06, Change: -1.41, Percent Change: -1.61