Chevron Planning $1B Permian Asset Sale ...Middle East

OILPRICE - Economy
Chevron Planning $1B Permian Asset Sale
source : OILPRICE ( Middle East ) () 18
Chevron is reportedly planning to sell oil assets in the Permian that could fetch up to $1 billion, according to unnamed sources cited by Reuters. According to Reuters, the supermajor has confirmed plans for sale involving conventional oil fields but did not specify the value of a possible deal or deals. Chevron has hired an investment bank to find buyers for assets worth $879 million. It has also earmarked another $200 million worth of Permian fields for sale, sources told the media outlet. A pickup in asset sales was expected as oil prices rebound,…

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