Australia's Downer EDI hits over 5-1/2-year high on $487 million Chevron Australia contract

DOWNER EDI

10/11/2025 03:45

** Shares of Downer EDI Limited DOW.AX rise as much as 1.2% to A$7.84, their highest level since January 22, 2020

** Integrated infrastructure services provider says it has been awarded A$750 million ($487.35 million) contract by Chevron Australia Pty

** Co to deliver maintenance, asset management and small capital projects for infrastructure assets at Chevron’s Wheatstone and Gorgon facilities in Western Australia over a maximum term of 15 years

**YTD, shares rise 48.8%, including current moves

($1 = 1.5389 Australian dollars)

 (Reporting by Aamir Shaik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))