Exxon, Chevron Beat Profit Estimates on War-Driven Oil Rally
Exxon Mobil Corp. and Chevron Corp. posted stronger-than-expected earnings for the first quarter as higher oil and natural gas prices outweighed production outages from the Iran war.
The 2014-delivered Asia Vision LNG carrier. Photo: Chevron
Chevron is in the midst of it’s largest-ever shipbuilding and fleet modernization program, encompassing 13 ships total including six LNG carriers to support its growing LNG operations.
The six vessels are being constructed by Samsung Heavy Industries in South Korea, with the first two already delivered in 2014.
The new state-of-the-art vessels have an LNG carrying capacity of 160,000 M3 each in four advanced MkIII LNG containment tanks from GTT.

The vessel also feature a dual fuel diesel electric propulsion system, with two Wartsila dual fuel medium speed engines and an ABB electric propulsion plant.
The ships are and will be managed by Chevron Shipping company, which currently manages a total of 28 vessels worldwide.
Check out the surprisingly good corporate video from Chevron about the LNG carriers below:
Updated: May 22, 2015 (Originally published May 20, 2015)
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