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Chevron (CVX) and Shell (RDS.A, RDS.B) swap stakes in two multibillion-dollar natural gas...

Chevron (CVX) and Shell (RDS.A, RDS.B) swap stakes in two multibillion-dollar natural gas projects in Australia, betting on Asia's growing energy demand. Chevron will transfer its interest in the proposed $30B-plus Browse export terminal to Shell in exchange for two gas fields associated with the $29B Wheatstone export terminal plus $450M in cash. CVX +0.2%, RDS.A -0.6% premarket.
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