Chevron sells $6.5 billion in assets

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(Boursier.com) — Chevron the California-based San Ramon oil group, today announced its intention to divest its non-operated interest in the ‘Athabasca Oil Sands’ project and its operated interest in the Duvernay Shale, projects located in Alberta, Canada. The American group will therefore sell these assets to Canadian Natural Resources for $6.5 billion. The all-cash transaction is expected to be finalized during the fourth quarter of 2024. It is part of the group’s plans to divest $10 billion to $15 billion in assets by 2028.


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