CVX · 10-Q · 2026Q3 · Full report

Acquisitions and Divestitures

CHEVRON CORP · 2026-11-05 · Importance 52 · Surprise 42 · In source text

Chevron expects $1 billion to $2 billion of annual asset-sale proceeds through 2030 as it evaluates dispositions and acquisitions for portfolio value and financial performance. In the second quarter of 2026, it signed an agreement to sell its 50 percent interest in Singapore Refining Company Private Limited and other downstream assets in Singapore, Australia, Indonesia, Malaysia, the Philippines and Vietnam. The transaction is expected to close in 2027. The company also announced on October 6, 2026, agreements to restructure its commercial relationship with Hess Midstream LP.

Key facts

• In Q2 2026, Chevron signed an agreement to sell its 50 percent interest in Singapore Refining Company Private Limited and other downstream assets in Singapore, Australia, Indonesia, Malaysia, the Philippines and Vietnam; the transaction is expected to close in 2027. source
• Chevron expects $1–2 billion in annual asset-sale proceeds through 2030. source
• Chevron signed an exploration agreement with Libya’s National Oil Corporation in the Sirte Basin. source
• Chevron’s divested assets may include decommissioning obligations that return to the company and cause potentially significant losses; it has historically recognized such losses and could have additional significant obligations revert, primarily in the United States. source
• Chevron proceeds and deposits from asset sales and returns of investment totaled $1.1 billion in the first nine months of 2026, versus $1.5 billion in the year-ago period. source

Impact estimates