Downer wins $750m contract with Chevron
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The news: Infrastructure group Downer EDI has been awarded a contract by Chevron Australia, worth up to $750 million in total revenue over a potential 15-year term.
The numbers: Downer will provide Chevron with maintenance and support services over an initial term of 10 years, with the option for a five-year extension, commencing January 2026.
The context: The work will take place at Chevron's Wheatstone and Gorgon facilities in Western Australia.
What they said: "This contract builds on a strong, long-standing relationship with Chevron and reinforces our shared focus on keeping our people safe, driving performance, and collaboration," said Downer CEO Peter Tompkins.
The source: ASX
