Chevron to divest 50% stake in Caltex Australia

摘要

Singapore-US major Chevron will divest its 50% stake in refiner Caltex Australia following an underwriting agreement, but will continue to ensure stable supply of oil products and remains committed to its Australian LNG projects. “It is expected that these shares will be sold to a broad range of Australian and global equity market institutional investors,” Chevron said in a statement Friday.