Chevron (CVX) plans to divest its oil and gas assets in the Eagle Ford Basin, reports Reuters citing people familiar with the matter. A spokesperson has also confirmed that the energy company has started marketing the assets in South Texas for sale as part of a routine portfolio review. CVX shares fell 0.23% to close at $97.49 on September 3. Chevron is an energy company engaged in the exploration, development, and production of crude oil and natural gas. Marketing documents reveal that the assets up for sale could be worth about $1 billion, as they have proven developed resources with a 90% or greater probability of profitability.
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