Chevron completes sale geothermal operations in Indonesia

Chevron completes sale of geothermal operations in Indonesia

10:12 AM, 1st April 2017
Chevron logo

SAN RAMON, US: Chevron Corporation (CVX) said that its wholly-owned subsidiaries have completed the sale of Chevron's geothermal business in Indonesia to Star Energy Consortium.

Chevron received the cash proceeds from a settlement and will reflect the gain in first quarter 2017 results. The conclusion of the sale of Chevron's geothermal business in the Philippines is expected later in 2017.

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