Chevron to sell Asia assets worth up to $5 billion: WSJ

(Reuters) - Chevron Corp, the second-largest U.S. oil company, is planning to sell certain assets in Asia worth up to $5 billion, the Wall Street Journal reported, citing people familiar with the matter. The company is set to start selling its offshore China assets in August, the Journal reported on Thursday. Chevron's stake in an offshore oil field venture with China's state-owned oil company CNOOC Ltd could fetch as much as $1 billion, according to the report.