05:32 AM EDT, 04/28/2026 (MT Newswires) -- Chevron (CVX) is in advanced talks to sell a portfolio of Asian assets to Eneos in a deal that could be valued at more than $2 billion, Bloomberg News reported Tuesday, citing sources familiar with the matter.

The assets include refineries and fuel retail networks across Singapore, Malaysia, the Philippines and Australia, the unnamed sources told the news outlet.

The companies are aiming to reach an agreement as early as the ongoing quarter, according to the report.

Eneos has emerged as the last remaining bidder, ahead of rivals such as Glencore and Vitol, Bloomberg reported.

Chevron and Eneos didn't immediately respond to MT Newswires'requests for comment.

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