February 29, 2016 / 12:21 PM / in 2 years

Chevron mulling sale of Asian geothermal assets: Bloomberg

(Reuters) - Chevron Corp CVX.N, 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.

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

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

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