Chevron’s Upstream Portfolio: Major Projects to Start in 2016–2017

Chevron’s (CVX) Upstream segment production is poised to grow, with some of the major projects starting in 2016–2017. Chevron’s behemoth project Gorgon has begun its Train 1 operations at 70% capacity. Full capacity is expected by 4Q16.

Chevron plans for Train 2 to be operational by 4Q16 and Train 3 by 2Q17. Plus, Wheatstone production is projected to commence by mid-2017.

Chevron’s (CVX) Angola LNG project is now operating at 75% capacity. In 2H16, Chevron expects projects like Mafumeira Sul in Angola, Bangka in Indonesia, and Alder in the North Sea to be operational.

Chevron expects around 0%–4% production growth in 2016. Plus, Chevron has a huge proved reserve base of 11.2 billion barrels of oil equivalent, which is expected to provide growth to its Upstream portfolio. The iShares US Energy ETF (IYE) has ~41% exposure to integrated energy sector stocks.