Chevron Prepares To Launch Sale Process For Remaining North Sea Oil And Gas Assets, Including 19.4% Stake In Clair Field And Pipelines
Portfolio Pulse from Charles Gross
Chevron is preparing to launch the sale process for its remaining North Sea oil and gas assets, including a 19.4% stake in the Clair Field and associated pipelines, according to a statement cited by Reuters.
May 16, 2024 | 9:53 am
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Chevron is initiating the sale of its remaining North Sea oil and gas assets, which includes a 19.4% stake in the Clair Field and associated pipelines.
The sale of these assets could provide Chevron with significant capital, potentially improving its financial position and allowing it to focus on other strategic areas. This is likely to be viewed positively by investors, leading to a short-term increase in stock price.
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