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CVX Chevron Corporation

162.35
2.10 (1.31%)
After Hours
Last Updated: 23:33:42
Delayed by 15 minutes
Share Name Share Symbol Market Type
Chevron Corporation NYSE:CVX NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.10 1.31% 162.35 164.02 160.73 160.75 8,428,701 23:33:42

Chevron to Sell Caltex Australia Stake

27/03/2015 8:00am

Dow Jones News


Chevron (NYSE:CVX)
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SYDNEY--Chevron Corp. (CVX) said Friday it would sell its 50% interest in oil refiner Caltex Australia Ltd. (CTX.AU), potentially raising around 5 billion Australian dollars (US$3.90 billion).

The second biggest U.S. oil producer by output behind Exxon Mobil Corp. said it entered an underwriting agreement to sell its Caltex Australia shares to what it expects to be a a range of institutional investors.

Caltex Australia shares closed trading in Sydney on Friday at A$37.88 each, giving the company a market capitalization of A$10.22 billion.

Write to Ross Kelly at ross.kelly@wsj.com

Access Investor Kit for Caltex Australia Ltd.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=AU000000CTX1

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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US1667641005

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