, extending its longstanding relationship with the alumina producer. Under the agreement, Chevron will supply 55 petajoules of natural gas over five years, starting Jan.
1, 2028. The gas will support South32’s Worsley Alumina operations, which contribute to mineral processing, regional employment and the local economy.
Chevron Supports Western Australia’s Domestic Gas Supply Chevron Australia’s portfolio in Western Australia includes its operated Gorgon and Wheatstone gas facilities, which together account for approximately 40% of the state’s domestic gas supply. Chevron Australia President Balaji Krishnamurthy said the agreement demonstrates how Western Australia’s domestic gas policy supports reliable energy supplies and strengthens the state’s energy security.
Krishnamurthy also emphasized that natural gas will remain important as Western Australia’s energy system evolves, helping provide reliable power and sustain major industries for decades. Follows Other Long-Term Gas Supply Agreements The South32 deal follows other long-term domestic gas supply agreements Chevron signed over the past year with Horizon Power and Alinta Energy.
These agreements reflect continued demand for reliable natural gas among customers across Western Australia. Read Also: Chevron, ExxonMobil Stocks Hit 52-Week Highs as Fresh US-Israel Threats Against Iran Push Brent Crude to 5-Month Highs Earnings & Analyst Outlook The countdown is on: Chevron is set to report earnings on Oct.
30 (confirmed). 77.
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32% Weight Significance: Because CVX carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. 00 during premarket trading on Tuesday, according to Benzinga Pro data.
