Chevron to Sell Oil Sands, Shale Assets
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.
Osler, A&O Sherman Act for Chevron in Blockbuster $6.5 Billion Canadian Oilsands Divestiture
Bennett Jones is representing Canadian Natural Resources, which cements its dominant position in Canada's energy market with the acquisition from the U.S.-based energy giant.
Canadian Natural Resources buying Chevron's Alberta assets for $6.5B US
Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.'s interests in the Athabasca Oil Sands Project and Duvernay shale for $6.5 billion US.
Chevron agrees to sell assets to Canadian Natural Resources for $6.5bn
The transaction includes a 20% non-operated interest in the Athabasca Oil Sands Project and a 70% operated stake in the Duvernay shale and related assets.
Chevron agrees US$6.5bn sale of Athabasca Oil Sands Project and Duvernay shale assets
Canadian Natural will now own the 20% non-operating stake in the Athabasca Oil Sands Project (AOSP), and 70% in light crude oil and liquids-rich assets in the Duvernay shale formation. The sale will add approximately 122,500 boe/d to the company’s 2025 production.
Chevron Canada to sell assets to Canadian Natural Resources for $6.5 bn
US multinational oil and energy group Chevron Corporation on Tuesday announced plans to sell its Canadian assets in the Athabasca oil sands and Duvernay shale formation to Canadian Natural Resources
Chevron Canada Enters $6.5 Bn Sale Of Interests In Athabasca Oil Sands Project, Duvernay Shale
Chevron Canada, an indirect subsidiary of Chevron (CVX), said the company and a related entity have entered into a definitive
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.
Canadian Natural Resources: Prepare For Even Higher Dividends And Cash Flows
Canadian Natural Resources announced a significant $6.5 billion acquisition of Chevron's Alberta assets. Read why I remain bullish on CNQ stock.
Chevron to Sell Canadian Assets for $6.5B: Buy, Hold or Sell CVX Stock?
Chevron Corporation CVX, one of the largest publicly traded oil and gas companies in the world, is taking significant steps to optimize its asset portfolio. On Monday, one of its subsidiaries, announced a definitive agreement to divest critical assets to Canadian Natural Resources Limited CNQ.
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 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 Canada Limited announces US$6.5 billion sale of its interests in the Athabasca Oil Sands Project and Duvernay shale
Chevron Canada Limited (“CCL”) announced today that it and Chevron Canada Oil Sands Partnership (“CCOSP”) have entered into a ...
Chevron's $6.5 Billion Deal Will Further Fortify Its Financial Foundation
The oil company's fortress-like balance sheet is about to get even stronger. Chevron has agreed to sell its Canadian assets ...
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 ...