Chevron Concludes Sale of Interest in Caltex Australia Ltd

SAN RAMON, Calif.--(BUSINESS WIRE)--Mar. 29, 2015-- Chevron Corporation (NYSE:CVX) today announced that its wholly owned subsidiary Chevron Global Energy Inc. has completed the sell down of its 135 million shares in Caltex Australia Limited (CAL) at a share price of AUD$ 35.00. Chevron will receive the cash proceeds upon settlement on April 2, and reflect the gain in second quarter 2015 results. Chevron is one of the world's leading integrated energy companies, Read more [...]

Chevron Announces Sale of Interest in Caltex Australia Ltd

Shareholding sell-down consistent with stated divestment goals Company remains focused on moving Australian LNG projects towards start-up SAN RAMON, Calif.--(BUSINESS WIRE)--Mar. 27, 2015-- Chevron Corporation’s (NYSE: CVX) wholly owned subsidiary Chevron Global Energy Inc. today announced that it has entered into an underwriting agreement for the sale of its 50 percent shareholding in Caltex Australia Limited (CAL). It is expected Read more [...]

Chevron Announces Sale and Joint Venture Partnership for Duvernay Shale Assets in Canada With KUFPEC

Initial Results from the Liquids-Rich Formation Encouraging, Additional Appraisal Underway SAN RAMON, Calif.--(BUSINESS WIRE)--Oct. 6, 2014-- Chevron Corporation (NYSE:CVX) today announced that its indirect, wholly-owned subsidiary, Chevron Canada Limited, has reached agreement to sell a 30 percent interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Company’s wholly-owned subsidiary, KUFPEC Canada Inc., for $ 1.5 billion. The Read more [...]

iPhone 6 Is Already On Sale In China — And It’s Available In TWO Sizes (APPL)

China's largest mobile carrier is now accepting orders for the iPhone 6 ahead of the model's official launch, according to China Daily. The new phone will be available from China Mobile Beijing. China Mobile is the largest mobile phone operator by subscribers with 760 million of them. (That's equivalent to more than double the population of the U.S.) The site has already received over 33,000 orders for the new devices since yesterday evening.  China Mobile appears to have also inadvertently Read more [...]

Judge OKs record-setting $2B sale of Clippers (Yahoo Sports)

Embattled Los Angeles Clippers owner Donald Sterling lost his attempt to block the $ 2 billion sale of the team to former Microsoft CEO Steve Ballmer. In allowing the deal to go forward, Superior Court Judge Michael Levanas sided Monday with Sterling's estranged wife, Shelly Sterling, who negotiated the record sale after the NBA banned the 80-year-old billionaire for making offensive remarks about blacks. Shelly Sterling sought the probate judge's approval to ink the deal after taking over the Read more [...]

Witness: Sterling needs Clippers sale to pay debts (Yahoo Sports)

The chief financial officer of Donald Sterling's properties said Monday that the billionaire may be forced to sell a large portion of his real estate empire to cover $ 500 million in loans if he persists in refusing to sell the Los Angeles Clippers for $ 2 billion. Darren Schield, who oversees the finances of The Sterling Family Trust, testified Monday that three banks are ready to recall their loans to Sterling because of his decision to dissolve the trust. His move was designed to rescind his Read more [...]

Chevron Announces Sale of Interests in Chad and Cameroon

SAN RAMON, Calif.--(BUSINESS WIRE)--Jun. 13, 2014-- Chevron Corporation (NYSE: CVX) today announced that its subsidiary, Chevron Global Energy Inc., has sold its 25 percent non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for approximately $ 1.3 billion. The sale closed June 13. “This sale demonstrates our focus on strategically managing our portfolio to maximize Read more [...]