Bloomberg: Chevron exploring options for U.S. midstream business

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

Chevron (CVX +0.2%) is reviewing options for its U.S. midstream business including a possible sale of some or all of the unit, Bloomberg reports.

Jefferies is said to be working with CVX in a review of the unit which manages pipelines and other infrastructure for handling oil and gas between wells and refineries.

A precise valuation for the assets is difficult to reach because the market for such assets is volatile and CVX hasn’t disclosed specific financial details, according to the report.