CVX to Focus on South Korea's Refining, Petrochemicals (Revised)

Key Takeaways Chevron seeks to focus on petrochemicals and heavy oil upgrading in Korea.GS Caltex's Yeosu refinery processes 800,000 barrels daily.CVX looks to allocate capital to high-return, balanced global assets.Chevron Corporation (CVX) , one of the world’s leading integrated oil and gas companies, wants a well-balanced mix of refineries. As per CVX, in some regions, like Korea, the focus of the existing investments will be on petrochemicals and upgrading heavy oil to higher-value products.Chevron's Pe ...