Chevron to Sell Oil Sands, Shale Assets
Chevron to Sell Oil Sands, Shale to Canadian Natural Resources in $6.5 Billion Deal
Chevron has agreed to sell its interest in the Athabasca oil sands project and Duvernay shale in a $6.5 billion deal, it said Monday. The all-cash transaction, which is expected to close in the fourth quarter,
CNRL’s $6.5 Billion Chevron Deal Extends Oil Sands Buying Spree
Canadian Natural Resources Ltd.’s $6.5 billion acquisition from Chevron Corp. marks the latest in a string of deals that has helped make it the country’s largest oil producer and brought Alberta’s massive oil sands deposits almost entirely under local control.
Chevron to Sell Oil Sands, Duvernay Assets for $6.5B to Canadian Natural
Chevron signed a deal to divest stakes in producing and undeveloped oil sand, liquid and gas properties in Alberta to Canadian Natural for $6.5 billion.
Chevron to Sell Oil Sands, Shale Assets for $6.5 Billion to Canadian Natural
Chevron’s Canada unit plans to sell its stakes in oil sands and shale assets to Canadian Natural Resources for $6.5 billion as part of efforts to achieve divesting goal by 2028.
Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion
Chevron Corp. agreed to sell its stakes in oil sands and shale assets to Canadian Natural Resources Ltd. for $6.5 billion.
Chevron to Sell Assets for $6.5 Billion to Canadian Natural Resources
Chevron's Canadian assets, located in Alberta, contributed 84,000 barrels of oil equivalent per day (boepd) of production to Chevron in 2023. The Duvernay is one of Canada's top shale plays. After the deal, Canadian Natural will own 90% of the Athabasca Oil Sands project, while Shell owns the rest.
Chevron Canada to sell assets to Canadian Natural Resources for $6.5 billion in cash
Chevron Canada Ltd, a unit of Chevron Corp., said Monday it has agreed to sell a 20% non-operated interest in the Athabasca oil sands Project, a 70% operated interest in the Duvernay shale, and related interests, all located in Alberta, Canada, to Canadian Natural Resources Ltd, in an all-cash deal valued at $6.5 billion.
Chevron Sells Canadian Oil Sands and Shale Assets for $6.5 Billion
Chevron has announced the sale of its Athabasca Oil Sands and Duvernay Shale assets to Canadian Natural Resources for $6.5 billion in an all-cash deal. This divestiture is part of Chevrons plan to raise $10-$15 billion
Chevron Strikes $6.5 Billion Deal to Offload Canadian Oil Sands, Shale Assets
Chevron (CVX) is offloading some of its Canadian assets and interests as it continues plans to slim down its global energy portfolio through divestments, it said Monday. The oil giant's subsidiary, Chevron Canada,
New Acquisition Makes Canadian Natural Resources A Very Comfortable Hold
Canadian Natural Resources' acquisition of Chevron's Alberta assets boosts production by 122,500 BOE/day. Read why my ...
Business Brief: A different kind of oil sands gusher
The pan-European STOXX 600 was down 0.55 per cent in morning trading. Britain’s FTSE 100 lost 1.13 per cent, Germany’s DAX ...
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Chevron to Sell Oil Sands, Shale Assets to Canadian Natural for $6.5 Billion — Update
Chevron is selling its stakes in some oil-sands and shale assets to Canadian Natural Resources for $6.5 billion, driving ahead with its effort to refocus its operations and adding to the wave of ...
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Chevron to Sell Canadian Oil Sands and Shale Assets for $6.5 Billion
Chevron sold its oil sands and shale assets in Canada to Canadian Natural Resources for $6.5 billion as part of its portfolio optimization strategy.