Chevron's (CVX) Wheatstone LNG Facility Resumes Full Production

Group 1: Chevron Operations - Chevron Corporation has resumed operations at the Wheatstone LNG facility in Australia after completing unplanned repairs ahead of schedule [1] - The Wheatstone LNG facility has a total capacity of 8.9 million tons per year and is one of the largest LNG facilities in Australia [1] - Domestic supplies via a pipeline connected to the Wheatstone LNG facility have also restarted five days earlier than planned [2] Group 2: Production Outlook - Chevron anticipates a reduction of 65,000 barrels of oil equivalent per day in production during the second quarter due to planned maintenance and downtime [2] - This production reduction is expected to impact Tengizchevroil operations in Kazakhstan and some assets in the Gulf of Mexico [2] Group 3: Industry Comparisons - Chevron currently holds a Zacks Rank 3 (Hold) [3] - Other better-ranked stocks in the energy sector include Archrock Inc. (Rank 1), SM Energy (Rank 1), and Hess Midstream Partners LP (Rank 2) [3][4] - Archrock focuses on midstream natural gas compression and generates stable fee-based revenues [3] - SM Energy operates in the Midland Basin and South Texas, expecting production growth in 2024 [3] - Hess Midstream operates with a stable fee-based revenue model secured via long-term contracts, minimizing exposure to commodity price risks [4]