11:36 AM EDT, 06/20/2025 (MT Newswires) -- Chevron ( CVX ) is looking for buyers for its 50% stake in Singapore Refining, including from its joint venture partner PetroChina, Reuters reported Thursday, citing eight unnamed sources familiar with the matter.

The company is also weighing the sale of its other assets in the Asia region, including terminal and fuel storage facilities in Australia and the Philippines, two sources told the news outlet.

Chevron ( CVX ) has engaged Morgan Stanley ( MS ) to explore the sale of the Singapore refinery and other Asian assets, one of the sources also said, according to the report.

Potential buyers were asked to present non-binding bids in July, three of the sources told Reuters.

Chevron ( CVX ), PetroChina and Morgan Stanley ( MS ) did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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