<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Chevron+Corp" target="_blank">Chevron Corp</a>, the second-largest U.S. oil company, is selling some assets in Asia worth up to $5 billion, the Wall Street Journal reported, citing people familiar with the matter.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Chevron+Corp" target="_blank">Chevron Corp</a>, the second-largest U.S. oil company, is selling some assets in Asia worth up to $5 billion, the Wall Street Journal reported, citing people familiar with the matter.
The company is set to start selling its offshore China assets this month, the Journal reported on Thursday.
Chevron&#8216;s stake in an offshore oil field venture with China&#8217;s state-owned oil company <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=CNOOC+Ltd" target="_blank">CNOOC Ltd</a> could fetch as much as $1 billion, according to the report.
Chevron had disclosed in October last year plans to sell about $10 billion of assets by 2017.
The oil giant is also looking for buyers for its geothermal assets in Indonesia, and is considering offers worth more than $2 billion, the Journal reported, citing sources.
Natural gas field assets in Thailand are also part of the company&#8217;s divestiture plans, according to the report.
A Chevron spokesman said the company does not comment on rumor or speculation.
Chevron shares were flat at $100.81 in afternoon trading.
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Chevron Corp, the second-largest U.S. oil company, is selling some assets in Asia worth up to $5 billion, the Wall Street Journal reported.

Chevron to sell assets in Asia worth up to $5b

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Chevron to sell assets in Asia worth up to $5b

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