Key Takeaways CVX plans to sell its 50% stake in Singapore's Jurong Island refinery, worth about $1B.Vitol and Glencore lead the bidding, aiming to boost their reach in Asia's key oil hub.The sale aligns with CVX's global revamp to cut up to$3B in costs and streamline operations.Chevron Corporation (CVX) , as part of its global revamp, is reportedly preparing to sell its 50% stake in Singapore’s second-largest refinery on Jurong Island, which is valued at around $1 billion. The sale, managed by leading fin ...