U.S. supermajor Chevron Corp. said Monday it was departing from the Asian geothermal sector with the regional sale or planned sales of its subsidiaries. For an undisclosed sum, the company said it sold off its geothermal business in Bangladesh to a Chinese consortium. The conclusion of the sale of its geothermal business unit in the Philippines is expected later this year. The U.S. company said the transaction was in line with plans to dispose of non-strategic assets. Figures from the sale in Indonesia will show up in Chevron’s first-quarter results. Chevron will be among the first supermajors to report first-quarter results later this year. Fourth-quarter results revealed the company posted its first annual loss in decades as […]