Chevron to swap assets with Woodside.

Chevron Australia, an itegrated energy company, agreed to swap assets with Woodside, an Australian petroleum exploration and production company. The transaction involves a transfer of Chevron's 16.67% stake in NWS Project and 20% stake in CCS Project in exchange for Woodside’s 13% stake Wheatstone Project and 65% stake in Julimar-Brunello Project. “This transaction will enable us to consolidate our focus and resources on key assets we operate in Western Australia, in this case our Wheatstone Project,” Mark Hatfield, Chevron Australia Managing Director.