How Australia Will Drive Chevron Corporation (CVX) Stock Higher

Those numbers are big, but nothing matches the mighty Gorgon Project. The largest single resource development in Australia’s history will produce 2.6 MMMcfpd of natural gas and 20,000 bpd of condensate at its peak. Similar to Wheatstone, Gorgon will produce plenty of LNG for Asian markets — 15 million metric tons, to be exact.Chevron Corporation (NYSE:CVX) is once again leading development with a 47% stake in the project, followed by Royal Dutch Shell plc (ADR) (NYSE:RDS.A) and Exxon Mobil Corporation (NYSE:XOM) at 25% each.

These are some big numbers that can be difficult to visualize, so feast your eyes upon the following infographic.

Foolish bottom line
It can be difficult to breakdown the exact ownership stake in each project and translate that to projections for the top or bottom line. For instance, Chevron’s interest in offshore licenses in Wheatstone is 80.2%, while its interest in LNG facilities tied to the project is 64.1%. That is why I focused on totals for each field, but I don’t think it matters much. In the end it is pretty clear: Australia represents an amazing opportunity for investors and should continue to drive Chevron stock higher for the foreseeable future.

The article How Australia Will Drive Chevron Stock Higher originally appeared on Fool.com and is written by Maxx Chatsko.

Fool contributor Maxx Chatsko has no position in any stocks mentioned. Check out his personal portfolio or his CAPS page, or follow him on Twitter @BlacknGoldFool to keep up with his writing on energy, bioprocessing, and emerging technologies.The Motley Fool recommends Chevron.

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