Chevron (CVX) is offering $6B of bonds in its first sale this year, planning to use the proceeds...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX) is offering $6B of bonds in its first sale this year, planning to use the proceeds to refinance a portion of its existing commercial paper borrowings. CVX “is finding it increasingly difficult to expand production and add reserves," a Morningstar analyst says, as many of the remaining pools of cheap, easily accessible resources are owned by government and national oil companies.