03:10 PM EST, 11/05/2024 (MT Newswires) -- Chevron ( CVX ) is exploring a potential sale of its more than 40 Caltex-branded gas stations in Hong Kong, with a possible valuation of around $400 million, Bloomberg reported Tuesday, citing people familiar with the matter.

A Chevron Hong Kong representative declined to comment, the report said.

Chevron ( CVX ) did not immediately respond to MT Newswires' request for comment.

(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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