Chevron Corporation (NYSE: CVX) has solidified its hold in the U.S. basins by successfully finalizing the acquisition of PDC Energy, Inc. (NASDAQ: PDCE) at a price tag of $7.6 billion. The acquisition, celebrated by both PDC Energy shareholders and Chevron, marks an expansion of Chevron’s strategic assets with the addition of a whopping 275,000 net […]
Chevron Corporation has signed an all-stock deal to acquire PDC Energy, a Nasdaq-listed oil and gas exploration and production company, for a consideration of $7.6 billion. The deal values PDC Energy at $72 per share, including debt of $1.3 billion. In accordance with the agreement, PDC Energy’s shareholders will receive 0.4638 shares of Chevron for […]
