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.
Chevron to Sell Canadian Assets for $6.5B: Buy, Hold or Sell CVX Stock?
Under this agreement, Chevron Canada Limited will sell its 20% non-operated interest in the Athabasca Oil Sands Project and its 70% operated interest in the Duvernay shale, along with other related interests situated in Alberta,
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 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 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 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 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.
CBC.ca4d
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. The all-cash deal will see ...
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 ...
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Chevron to Sell Key Assets Worth $6.5 Billion to Canadian Natural
Recently, its subsidiary, Chevron Canada Limited, announced a definitive agreement to divest critical assets to Canadian Natural Resources Limited CNQ, an oil and gas exploration and production ...
MarketWatch4d
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 ...