Chevron Upgrades Pasadena Refinery, Supports US Gulf Coast Fuel Supply Growth
Chevron Upgrades Pasadena Refinery, Supports US Gulf Coast Fuel Supply Growth
The recent retrofit will enable the processing of more Permian Basin equity crude, increase product supply in the U.S. Gulf Coast, and enhance synergies with its Pascagoula refinery.Chevron Corporation (NYSE:CVX) shares are trading higher on Tuesday. The oil & gas giant completed a retrofit of its Pasadena, Texas refinery.
雪佛龙公司（纽交所：CVX）在周二的股价上涨。石油和天然气巨头完成了位于德克萨斯州帕萨迪纳的炼油厂的改造。
The upgrade enhances product flexibility and boosts the processing capacity for lighter crudes by nearly 15%, increasing it to 125,000 barrels per day.
此次升级增强了产品灵活性，将更轻原油的处理能力提高了近15%，增加到每天125,000桶。
Notably, Chevron acquired the Pasadena Refinery in 2019 to expand its Gulf Coast refining system.
值得注意的是，雪佛龙在2019年收购了帕萨迪纳炼油厂，以扩展其墨西哥湾沿岸的炼油系统。
The recent retrofit will enable the processing of more Permian Basin equity crude, increase product supply in the U.S. Gulf Coast, and enhance synergies with its Pascagoula refinery.
最近的改造将使更多的二叠纪盆地的权益原油得以加工，增加美国墨西哥湾的产品供应，并增强与其帕斯卡古拉炼油厂的协同效应。
The Light Tight Oil Project focuses on improving facility reliability and safety, boosting domestic refined product supply, and introducing jet fuel production and gas oil exports.
轻紧油项目专注于改善设施的可靠性和安全性，提升国内精炼产品供应，并引入喷气燃料生产和燃料油出口。
Chevron began planning for the LTO Project in 2019, with work beginning in early 2020.
雪佛龙于2019年开始规划轻紧油项目，工作于2020年初开始。
The phased start-up of the asset is expected to continue through first-quarter of 2025, as the project team ensures all plants are operating as planned and products meet specifications.
该资产的分阶段启动预计将持续到2025年第一季度，因为项目团队确保所有工厂按计划运行，产品符合规范。
Last week, Chevron projected 2025 capital expenditure of $14.5 billion-$15.5 billion, focusing on U.S. upstream and carbon reduction projects.
上周，雪佛龙预测2025年的资本支出为145亿至155亿美元，重点关注美国上游和碳减排项目。
Additionally, Chevron anticipates non-cash, after-tax charges of $0.4 to $0.6 billion in the fourth quarter related to impairments, asset sales, and other obligations.
此外，雪佛龙预测在第四季度与减值、资产销售和其他义务相关的非现金、税后费用为0.4亿到6亿美元。
Investors can gain exposure to CVX through the EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL) and the Westwood Salient Enhanced Energy Income ETF (NASDAQ:WEEI).
投资者可以通过EA系列Trust Strive美国能源ETF（纽交所：DRLL）和Westwood Salient增强能源收益ETF（纳斯达克：WEEI）获得对CVX的投资机会。
Price Action: CVX shares are up 0.95% at $158.57 at the last check Tuesday.
价格动态：截至周二最后一次检查，CVX的股价上涨0.95%，为158.57美元。
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Image via Shutterstock.
图片来源：Shutterstock。
