SUGAR LAND, Texas, May 1, 2017 /PRNewswire/ — Researched by Industrial Info Resources (Sugar Land, Texas)–Stronger crude oil prices put Chevron Corporation (San Ramon, California) back into the black in first-quarter 2017, with capital spending dropping significantly as more projects, particularly a train at the massive Gorgon LNG project in Australia, were brought online. The company’s production also ticked up, consistent with gains in worldwide oil-equivalent production. Industrial Info is tracking more than $92 billion in active projects involving Chevron, including $10.4 billion in the U.S. and $20.6 billion in Australia.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info’s quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what’s happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the «Contact Us» page.

Brian Ford
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SOURCE Industrial Info Resources