Chevron stock price rises after report flags $1 billion-plus Singapore asset sale talks
Chevron shares rose 1.4% to $167.67 by midday Wednesday after reports of advanced talks to sell Singapore refining and fuel assets for over $1 billion. Oil prices were steady as traders monitored Kazakhstan supply issues ahead of U.S. inventory data. Chevron, Eneos, and Glencore declined to comment on the reported deal. Investors are watching for Chevron’s Jan. 30 earnings report.