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Chevron says no plan to exit Thailand

Aug. 19, 2016 8:21 AM ETChevron Corporation (CVX) StockCVXBy: Yoel Minkoff, SA News Editor2 Comments
  • Chevron (NYSE:CVX) is committed to its Thailand investments despite job cuts that have spurred rumors of the oil major's exit, and may keep a Myanmar gas field stake if no attractive offer is made it.
  • These are a "core part of Chevron's portfolio and we have intention of it remaining a core part of our portfolio. We are not leaving Thailand," said Stephen Green, President of Chevron Asia Pacific Exploration and Production.
  • CVX -1% premarket

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