Chevron Eyes May Closing for Singapore Refinery Stake Sale

Chevron is poised to close a deal to sell its 50% stake in Singapore Refining and other regional assets to Japan's top refiner, Eneos, by May.

The $1 billion or more valued sale had been expected to be completed in the first quarter, but was delayed due to disruptions caused by the U.S.-Iran war. The timeline has since been pushed back slightly.

Chevron and Eneos have declined to comment on the deal, while Morgan Stanley, which is handling the sale for Chevron, also declined to comment.