CHEVRON SELLS $5 BLN
According to WSJ, Chevron Corp. is paring its Asia operations, selling assets valued at up to $5 billion in an effort to raise cash, according to people familiar with the situation.
The San Ramon, Calif., energy giant is set to begin selling its offshore-China assets this month, the latest in a series of divestments in Asia. The company is looking to raise up to $10 billion globally from asset sales, a big chunk of which will come from its Asian upstream…
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