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Chevron to sell 50% stake in Caltex Australia

2015-03-30 01:00:00| Hydrocarbons Technology

Energy firm Chevron has agreed to sell its 50% stake in oil refining and marketing firm Caltex Australia.

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Caltex eyes franking credits as Chevron exits

2015-03-29 13:30:34| Oil & Gas - Topix.net

Chevron's decision to sell its 50 per cent stake in Caltex Australia will make it easier for the local fuel supplier to release franking credits to shareholders, Caltex chief financial officer Simon Hepworth says. Speaking after the $4.6 billion block sale, Caltex management sought to assure investors that the company's broader business strategy would be unchanged, despite the departure of its US-domiciled major shareholder, which has held its stake for 40 years.

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Chevron to exit Australian shale gas as refining venture sold

2015-03-28 03:16:29| Oil & Gas - Topix.net

Chevron abandoned Australian shale exploration and said it will sell its 50 percent stake in that nation's largest oil refiner. San Ramon-based Chevron notified Beach Energy, its partner in the central Australian shale project, that "the opportunity does not align strategically" with the U.S. explorer's portfolio, according to a statement Friday from Beach.

Tags: sold gas australian exit

 

Chevron selling $5b stake in Caltex

2015-03-27 11:18:26| Energy - Topix.net

US energy giant Chevron is looking to sell its $5 billion stake in Caltex Australia but says the decision won't affect its Gorgon and Wheatstone gas interests. Chevron expects shares in oil refiner and distributor Caltex will be sold to a range of Australian and global institutional investors.

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Chevron selling $5b stake in Caltex

2015-03-27 10:55:42| Oil & Gas - Topix.net

US energy giant Chevron is looking to sell its $5 billion stake in Caltex Australia but says the decision won't affect its Gorgon and Wheatstone gas interests. Chevron expects shares in oil refiner and distributor Caltex will be sold to a range of Australian and global institutional investors.

Tags: selling stake chevron caltex

 

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