Chevron to Sell Oil Sands, Shale Assets for $6.5 Billion to Canadian Natural.

Autor: Stewart, Robb M. (AUTHOR), Qin, Sherry (AUTHOR)
Předmět:
Zdroj: Wall Street Journal - Online Edition. 10/8/2024, pN.PAG-N.PAG. 1p.
Abstrakt: Chevron, an oil major based in California, plans to sell its stakes in oil sands and shale assets to Canadian Natural Resources for $6.5 billion. This sale is part of Chevron's goal to divest $10 billion to $15 billion in assets by 2028. The deal is expected to close by the end of the year and will increase Canadian Natural's stake in the Athabasca Oil Sands Project to 90%. Canadian energy companies have been acquiring assets in oil and gas-rich areas in Western Canada, similar to the consolidation happening in the Permian Basin in the United States. [Extracted from the article]
Databáze: Regional Business News