Chevron mulling sale of Asian geothermal assets: Bloomberg

Mon Feb 29, 2016 7:16am EST
 
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(Reuters) - Chevron Corp (CVX.N: Quote), the No. 2 U.S. oil producer, is considering a sale of its geothermal assets in Asia, Bloomberg reported citing people familiar with the matter.

The company is planning to sell the assets to offset the prolonged slump in oil prices, Bloomberg reported on Monday. (bloom.bg/1TMoHgT)

(Reporting by Anet Josline Pinto in Bengaluru; Editing by Shounak Dasgupta)

 
A Chevron gas station sign is pictured at one of their retain gas stations in Cardiff, California October 9, 2013. REUTERS/Mike Blake