Chevron, Vitol and Glencore declined to comment. Morgan Stanley, appointed to handle the sale of Chevron’s holding in the Singapore Refining Company as well as other Asian assets, also declined to comment.
The US oil and gas major is in the midst of cutting up to $3 billion in costs by the end of 2026. Terminal and fuel storage facilities in Australia and the Philippines, as well as retail stations in Malaysia, are also available for sale, two of the sources said, adding that all these assets could be purchased as a bundle or separately.