Chevron to Boost Oil, Gas Production

Chevron Corp. said Tuesday its oil and natural gas production would rise by 600,000 barrels per day by 2010 slightly below some analysts’ expectations and it announced plans for a possible major expansion of a Mississippi refinery.

Chevron CEO David O’Reilly also estimated that Gulf of Mexico production snags related to last summer’s hurricanes would trim $500 million from the company’s bottom line in 2006, compared with a reduction of $1.4 billion in 2005.
ABC News