CHEVRON has been unable to sell its one-sixth equal stake in the Woodside-operated North West Shelf LNG project in Australia. Chief executive Mike Wirth told analysts on a fourth-quarter earnings call that negotiations with undisclosed potential bidders did not achieve acceptable offers. "We're not in a position where we need to sell assets to generate cash," he said. Wirth indicated that Chevron is more than happy to retain its 16.67% interest in the 16.9 million tonnes capacity project.
展开▼
