Chevron contemplating Gulf asset sale

Chevron is studying the possibility of selling older oil and gas assets in the Gulf of Mexico to focus on higher-growth projects in the region. The assets potentially up for sale include fields such as Petroynos, Tullar Hills, and Lano, which began production between 2000 and 2014. The company expects these sales to generate around one billion dollars, with interest from both international and American companies looking to expand their presence in the Gulf of Mexico. This move is part of Chevron’s efforts to update its asset portfolio in line with the company's priorities, as it aims to increase Gulf of Mexico production to 300,000 barrels per day by the end of the year.

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