Chevron said to be exploring sale of Canadian oilsands stake worth about $2.5 billion
By News on the Net -- Financial Post—— Bio and Archives--April 14, 2017
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TORONTO/NEW YORK — Chevron Corp, the second-largest U.S.-based oil producer, is exploring the sale of its 20 per cent stake in Canada’s Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the situation.
The company has discussed with investment banks the prospect of selling the stake in the western Canadian oil sands project, a source said. -- More...
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