Chevron sold to Chad its interest in oil-producing assets in the Central African nation for about $1.3 billion.

The oil and gas company had a 25% interest in the properties, which included seven oil fields in Chad's Doba Basin. The sale includes Chevron's 21% interest in a a pipeline system that transports crude oil to Cameroon's coast and to other facilities.


Shares of the San Ramon company were up $0.64 to $126.75 in afternoon trading.