Chevron Concludes Sale of Geothermal Operations in Indonesia

SAN RAMON, Calif.–(BUSINESS WIRE)–Mar. 31, 2017–
Chevron Corporation (NYSE:CVX) announced that its wholly-owned
subsidiaries have completed the sale of Chevron’s geothermal business in
Indonesia to Star Energy Consortium. Chevron received the cash proceeds
upon settlement on March 31, and will reflect the gain in first quarter
2017 results. The conclusion of the sale of Chevron’s geothermal
business in the Philippines is expected later in 2017.

Chevron Corporation is one of the world’s leading integrated energy
companies. Through its subsidiaries that conduct business worldwide, the
company is involved in virtually eve…



Chevron News Release

Leave a Reply

Your email address will not be published. Required fields are marked *