Downer awarded $750 million Chevron contract

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Stock Downer Edi Ltd (DOW.ASX)
Release Time 10 Nov 2025, 12:18 p.m.
Price Sensitive Yes
 Downer awarded $750 million Chevron contract
Key Points
  • Downer awarded 15-year maintenance and support services contract by Chevron
  • Contract valued at $750 million over the full term
  • Downer to deliver maintenance, asset management and small capital projects for Chevron's facilities in Western Australia
Full Summary

Downer EDI Limited (Downer) has announced that it has been awarded a contract by Chevron Australia Pty Ltd (Chevron) for the provision of maintenance and support services over a maximum term of 15 years. The contract commences in January 2026, with an initial term of 10 years plus one five-year extension option. Downer estimates the total revenue over the full 15-year term to be $750 million, subject to the release of work orders by Chevron. Under the contract, Downer will deliver maintenance, asset management and small capital projects for non-process infrastructure assets at Chevron's Wheatstone and Gorgon facilities in Western Australia. The Chief Executive Officer of Downer, Peter Tompkins, stated that the new contract is testament to Downer's industry expertise and track record of delivering efficiency and performance improvements for Chevron. The contract builds on a strong, long-standing relationship between the two companies and reinforces their shared focus on keeping people safe, driving performance, and collaboration. Downer and Chevron are committed to creating meaningful opportunities for local and Indigenous communities throughout the life of this contract, including through employment pathways and opportunities for local and Indigenous-owned businesses.

Guidance

Downer estimates the total revenue over the full 15-year term of the Chevron contract to be $750 million, subject to the release of work orders by Chevron.