Exclusive-Chevron Prepares for North Sea Exit After More Than 55 Years usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The latest planned sale would see it pull out of its remaining interests in the region, including a 19.4% stake in the Clair oilfield, west of Shetland
Chevron Corp. (NYSE: CVX) will exit the U.K. North Sea, ending its 55-year presence, to streamline its portfolio amid a $53 billion acquisition of Hess Corp. (NYSE: HES).