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BN 03/11 13:22 *CHEVRON TO SELL $10 BILLION IN ASSETS DURING NEXT THREE YEARS BN 03/11 13:20 *CHEVRON INCREASES PLANNED SALES OF OIL, GAS ASSETS BN 03/11 13:13 *CHEVRON SAYS WHEATSTONE LNG PROJECT IS 30 PERCENT COMPLETE BN 03/11 13:12 *CHEVRON: GORGON LNG COMPLEX IN AUSTRALIA IS 78% COMPLETE BN 03/11 13:11 *CHEVRON CEO JOHN WATSON COMMENTS ON LNG DURING ANALYST EVENT BN 03/11 13:11 *CHEVRON SEES GLOBAL LNG DEMAND DOUBLING BY 2025 BN 03/11 13:09 *CHEVRON PLANS TO DRILL 140 ARGENTINA SHALE WELLS THIS YEAR BN 03/11 13:08 *CHEVRON TO ALMOST DOUBLE PERMIAN PRODUCTION BY END OF 2020 BN 03/11 13:08 *CHEVRON TO INCREASE PERMIAN BASIN DRILLING BY 8.6% THIS YEAR BN 03/11 13:06 *CHEVRON TO DRILL 505 WELLS IN U.S. PERMIAN BASIN THIS YEAR BFW 03/11 13:03 *CHEVRON TO DIVEST EGYPT, PAKISTAN FUEL BUSINESSES BY END OF ’16 BN 03/11 13:02 *CHEVRON TO DIVEST EGYPT, PAKISTAN FUEL BUSINESSES BY END OF '16 BN 03/11 13:01 *CHEVRON TO SELL U.S. PIPELINES AND TERMINALS BY END OF 2016 BN 03/11 12:50 *CHEVRON'S 2017 PRODUCTION OUTLOOK ASSUMES $110/BBL CRUDE PRICE BN 03/11 12:49 *CHEVRON CITES REDUCED U.S. GAS DRILLING, HIGHER CRUDE FOR CUT BN 03/11 12:48 *CHEVRON CUTS 2017 OUTPUT ESTIMATE BY 6.1 % TO 3.1 MLN BOE/DAY BN 03/11 12:47 *CHEVRON DISCLOSES 2017 OUTPUT FORECAST IN SLIDE PRESENTATION BN 03/11 12:46 *CHEVRON'S ASIA OIL, GAS OUTPUT TO SURPASS N. AMERICA BY 2017
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Chevron Cuts Long-Term Production Target as Gas Drilling Slows 2014-03-11 12:57:42.61 GMT
By Joe Carroll March 11 (Bloomberg) -- Chevron Corp., the world’s third- largest non-state energy producer by market value, reduced its 2017 output estimate by 6.1 percent as it slows drilling for U.S. natural gas and higher crude prices lower the company’s share of production in some nations. Chevron will produce the equivalent of 3.1 million barrels of oil daily in 2017, rather than the 3.3 million it previously forecast, the San Ramon, California-based company said in a presentation on its website today. The target assumes crude prices will average about $110 a barrel during 2017, Chevron said. That compares with the $79 price assumption that underlaid the prior forecast. When prices rise, international oil companies receive fewer barrels from jointly-owned wells in some countries where they hold production-sharing agreements.
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