Chevron (CVX -0.2%) is “in midst of reviewing” the costs of its own large Australian natural gas...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX -0.2%) is “in midst of reviewing” the costs of its own large Australian natural gas project, Gorgon, Tudor Pickering analysts say after Exxon Mobil (XOM -0.2%) revealed the cost of its natural gas project in Papua New Guinea had increased 21% to $19B. CVX's originally projected $37B costs for Gorgon could reach $45B, the firm says.