Canadian Natural Resources strikes $6.5bn deal to acquire Chevron Canada assets in Alberta

Canadian Natural Resources strikes $6.5bn deal to acquire Chevron Canada assets in Alberta

Canadian Natural Resources has entered into an agreement to acquire the Alberta assets of Chevron Canada, an indirect subsidiary of Chevron Corporation, for a total consideration of $6.5 billion. This strategic acquisition represents a pivotal expansion in Canadian Natural’s oil sands and shale portfolio, incorporating Chevron’s 20% stake in the Athabasca Oil Sands Project (AOSP) […]