The 1 Key Driver of Chevron's Future
Chevron is one of those massive companies with a ton of moving parts, but if you sift through all of its project pipeline, you will find that two projects stand out more than any others: The Gorgon and Wheatstone projects in Western Australia. Combined, the two represent the largest gain in production of any project the company is working on today. With over 400,000 barrels of oil equivalent production at stake, Chevron needs this project to go off without too many hitches if it plans on meeting its 20% production growth target by 2017.
For investors to understand how this project will turn out, there are two things to watch. Tune into the video below, where Fool.com contributors Tyler Crowe and Aimee Duffy take a look at this megaproject, and what makes it tick.
Major oil and gas discoveries across the globe are changing the dynamics of production and politics. This transformation is also giving some of the traditional oil powers some headaches. Much of what we see today is a result from major advancements in technology, and one behind-the-scenes energy giant is responsible for much of it. We have put together a new report called, OPEC's Worst Nightmare, which outlines the name of this game-changing energy company. Simply click here, and we'll give you free access to this valuable report.
The article The 1 Key Driver of Chevron's Future originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter @TMFDuffy and @TylerCroweFool, respectively.The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.