CHEVRON WILL SELL ASSETS FOR $6.5 BLN YO CANADIAN NATURAL RESOURCES

Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan.

The all-cash deal, which is expected to close by Dec. 6, is a part of its strategy to raise $10 billion to $15 billion by 2028 through asset sale, while increasing focus on regions such as U.S. shale and Kazakhstan.

Learn More