Chevron Reviews Expansion Options

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Chevron Corp. said Tuesday that it was considering expansions at several refineries, including two in California, but was abandoning plans to build a natural gas import facility off the coast of Baja California, the Los Angeles Times reports.


The nation’s second-largest oil company also said it expected to spend $19.6 billion on infrastructure and development projects this year, with three-quarters of the money going toward oil and natural gas exploration and production in places such as the Gulf of Mexico, northwest Australia and the deep waters off West Africa.

Chevron said the refinery projects would raise fuel profit and increase gasoline output in some markets, while the oil and natural gas ventures would boost the company’s average yearly production by at least 3% through 2010.


For Californians, the most intriguing news was the possibility that Chevron would expand fuel production at its refineries in El Segundo and the Bay Area city of Richmond.


Read the full L.A. Times story

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