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


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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.


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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