Chevron Completes Sale of Marketing Business in Kenya
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SAN RAMON, Calif.--(Business Wire)-- Chevron Corporation (NYSE:CVX) today announced that its subsidiary, Chevron Africa Holdings Ltd., has completed the sale of Chevron Kenya Ltd. to Total Outré Mer. Chevron announced the initial sales agreement in 2008. Chevron Kenya Ltd.`s assets include service stations, fuel depots, aviation operations, a lubricants plant and warehouses, and liquefied petroleum gas storage and distribution facilities. The sale is consistent with Chevron`s ongoing effort to concentrate downstream resources and capital on strategic global markets and assets. Chevron Corporation is one of the world`s leading integrated energy companies, with subsidiaries that conduct business across the globe. The company`s success is driven by the ingenuity and commitment of approximately 62,000 employees who operate across the energy spectrum. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops and commercializes the energy resources of the future, including biofuels and other renewables. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com. Chevron Corporation Lloyd Avram, 925-413-5985 avrl@chevron.com Copyright Business Wire 2009
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