VOL. XLV

No 47

25-November-2002

SUPPLY/DEMAND

ChevronTexaco Set To Achieve Medium Term Output Targets But Faces Growing Political Risk

ChevronTexaco is set to achieve its medium-term production target of 2.5-3.0% in the period 2001-2006, despite the production fall of 1.7% in 2001 and the likely decline of 1.1% in 2002, since the production profile is back-end loaded, Dresdner Kleinwort Wasserstein Research said in a 25 October research note on the company. There is a good likelihood that it...