Chevron Corp (CVX.N) is looking to sell two collections of conventional oil and gas fields in the Permian Basin valued at more than $1 billion combined, three sources told Reuters. U.S. oil futures have soared more than 50 percent so far this year, prompting companies to try to sell assets in the Permian basin of Texas and New Mexico, the country’s largest oil field. Chevron is looking to sell lower-value assets, while some majors, like Royal Dutch Shell, are considering exiting the formation entirely. Shell is looking to exit the Permian to invest in energy transition, while Chevron wants to invest only in the highest-performing assets. Chevron has retained an investment bank to market some Permian […]