Chevron Plans To Shed $10B In Assets By 2017

Law360, New York (March 11, 2014, 4:57 PM EDT) -- Chevron Corp. said Tuesday that it will look to shed $10 billion in assets over the next three years, as well as flatten out its capital spending amid lower projections of oil and gas production levels in 2017.

The planned asset sales, revealed at the energy giant's annual security analyst meeting, would represent a 43 percent bump over the $7 billion in asset sales conducted by Chevron between 2011 and 2013. The company also revised its expected net production level in 2017 down from 3.3 million...
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