Chevron Corporation (NYSE:CVX) has announced a gas discovery in the Carnarvon Basin offshore Western Australia.

The Australian subsidiary of the US based oil major Chevron Corporation (NYSE:CVX) has discovered gas in two wells drilled in the Carnarvon basin off Western Australia.

George Kirkland, vice chairman, Chevron Corporation (NYSE:CVX) said, “This is our 11th exploration discovery in a 24-month period. Our exploration success and ability to continually add to our Australian portfolio supports our long-term plan to position Chevron as one of the world’s leading LNG suppliers.”

Chevron Corp. (NYSE:CVX) stocks are currently standing at 109.26.

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