Chevron seeks to sell Equatorial Guinea oil and gas assets -sources
Published on: Sunday 20 February 2022
Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, three industry sources told Reuters. The U.S. company acquired the assets in the west African country as part of the $13 billion acquisition of Noble Energy in 2020. Chevron has hired investment bank Jefferies to run the sale process which could raise as much as $1 billion, the sources said.