SAN RAMON, California (Bloomberg) -- Chevron Corp. sold a 30% stake of a venture to produce from Canada’s Duvernay shale to a company owned by Kuwait for $1.5 billion. Chevron, the second-largest U.S. oil and gas producer, said the deal was consistent with a policy of bringing in partners to manage capital commitments across global production projects. Kuwait Foreign Petroleum Co.’s purchase price includes cash and an agreement to contribute to the venture’s capital costs.
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Chevron sells stake in Duvernay shale to Kuwait for $1.5 billion
![Chevron sells stake in Duvernay shale to Kuwait for $1.5 billion]()
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