RAMON, Calif. (AP) — Chevron sold to Chad its interest in oil producing assets in the Central African nation for about $1.3 billion.
The oil and gas company had a 25 percent interest in the properties, which included seven oil fields in Chad's Doba Basin and a pipeline system that transported crude oil to Cameroon's coast and to other facilities.
Chevron Corp. says it's selling some profitable assets to focus on its global exploration and production business. The deal closed Friday.
Shares of the San Ramon company are up 64 cents to $126.75 in afternoon trading.
Mike Shedlock - Europe Fears Bail-Ins: Capital Flight Intensifies in Italy, France, Spain; Are German Banks Safe?
Tonight's New Hampshire GOP Debate Preview | RedState
Meanwhile, the F-35 is still a train wreck
The Remainderman | Human Events
Email Scandal Spin: No, Hillary, Powell and Rice Didn't 'Do It Too'
Ruling In "Assault Weapons" Case Could Gut Gun Control Nationwide
If you didn't HATE Quentin Tarantino before, how about now? [video]