Chevron in discussions to sell Texas gas assets to Tokyo Gas for up to $1B – FT

Chevron is reportedly in discussions to sell its natural gas assets in Texas to Tokyo Gas for a potential deal valued at up to $1 billion, according to a report by the Financial Times. This sale would reflect Chevron’s ongoing strategy to divest non-core assets and focus on key areas of its business. The discussions indicate a significant interest from Tokyo Gas in expanding its portfolio and securing more natural gas supplies. The outcome of these talks could have implications for both companies and the broader energy market. Further updates are expected as negotiations progress.