Chevron to sell swath of Permian assets


In demand: A Chevron crude oil pump jack in the Permian Basin in Loving County, Texas. Oil futures have soared, prompting companies to sell assets. — Reuters

NEW YORK: Chevron Corp is looking to sell two collections of conventional oil and gas fields in the Permian Basin valued at more than US$1bil (RM4.15bil) combined, three sources told Reuters.

Chevron confirmed that it is marketing conventional assets in the Permian Basin, but did not specify the value of the assets.

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Chevron Corp , oil and gas , Permian Basin ,

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