Chevron To Sell Oilfields as New Exploration Prospects Acquired

Chevron Corp. plans to sell some oil and natural-gas assets as newly-acquired exploration prospects in places such as Iraq, Canada and Australia take precedence. Some of the new projects may move to the top of the San Ramon, California-based company’s development queue because they promise richer returns, Chief Financial Officer Pat Yarrington said during a conference call with analysts today.

To contact the reporter on this story: Joe Carroll in Chicago at jcarroll8@bloomberg.net

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net

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