Chevron’s Australia-Based LNG Facilities May Face An All-Out Strike: Report

Chevron Corporation (NYSE: CVX) reportedly grapples with employee-related issues at its Australia-based operations of Gorgon and Wheatstone.

Chevron Corporation (NYSE:CVX) reportedly grapples with employee-related issues at its Australia-based operations of Gorgon and Wheatstone.

The company will likely face an all-out strike at its second-largest liquefied natural gas (LNG) plant at Gorgon, following a voting procedure for a union ballot, Reuters reported. The Wheatstone unit bears the brunt of the same.

Last week, Australia’s labor regulator approved the unions to organize a “protected action ballot” that allows workers to vote privately, paving the way for a likely strike that could hinder the country’s LNG exports, the report added.

Based on industrial conventions, the ballot for workers at Gorgon and the Wheatstone downstream facility must shut by Aug. 24. 

A separate poll for the Wheatstone offshore platform workers must close by Aug. 28, Reuters noted.

Total
0
Shares
Related Posts
Read More

Wall Street’s Most Accurate Analysts Reshuffled Their Best Materials Picks, Here They Are

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.

CENX

Read More

US Stocks On Track To Start 2023 On Upbeat Note: Investors Shrug Off Past Year’s Dismal Show And Pin Hopes On A Rebound

Trading in the U.S. index futures suggests that stocks may get off to a strong start in the first trading session of 2023. The mood is in contrast to the cautious outlook given by most Wall Street analysts regarding the year's market trajectory.

BABA