Chevron may sell Singapore refinery stake in cost-cut push
Chevron plans to sell its 50% stake in the Singapore Refining Company, with Morgan Stanley advising on the deal, which may fetch $300–$500 million, Reuters reported. PetroChina holds the first right of refusal on the stake. The move aligns with Chevron’s broader cost-cutting strategy, which includes 20% job cuts by 2026.