Chevron to sell assets in Asia worth up to $5 billion - WSJ

Chevron Corp, the second-largest U.S. oil company, is selling some 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 this month, 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.