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CVX Chevron Corporation

159.77
-1.50 (-0.93%)
After Hours
Last Updated: 00:07:54
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
  -1.50 -0.93% 159.77 161.45 158.90 160.78 7,708,894 00:07:54

MOL May Buy Chevron's Stake in Azerbaijan Oil Field, Sources Say -Reuters

09/10/2019 7:40pm

Dow Jones News


Chevron (NYSE:CVX)
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--Hungary's MOL has been in talks to acquire Chevron's stake in an oil field in Azerbaijan, Reuters reported Wednesday, citing "three banking and industry sources involved in the process."

--Chevron is looking to sell its stake in the Azeri-Chirag-Gunashli oil field, which is operated by BP PLC, the report said.

--MOL would pay more than $2 billion for a 9.57% stake in the field, the report said.

--MOL and Chevron declined to comment, according to the report.

 

Full story: https://www.reuters.com/article/us-chevron-azerbaijan-mol-magyar-olaj/hungarys-mol-in-talks-for-chevrons-2-billion-stake-in-giant-azeri-oilfield-sources-idUSKBN1WO25Z

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 09, 2019 14:25 ET (18:25 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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