Chevron divests from Star Energy Consortium in Indonesia

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Chevron Corporation said its wholly-owned subsidiaries have completed the sale of Star Energy Consortium. The asset is Chevron’s geothermal business in Indonesia.

Chevron received the cash proceeds upon settlement on March 31, and will reflect the gain in first quarter 2017 results. The conclusion of the sale of Chevron’s geothermal business in the Philippines is expected later in 2017.

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