Announced
Completed
Financials
Tags
Acquisition
Domestic
natural resources
Majority
United States
oil exploration and production
oil and gas company
Integrated Oil and Gas
Public
Friendly
Single Bidder
Completed
Synopsis
Chevron, one of the world’s largest integrated energy companies, completed the acquisition of PDC Energy, an independent exploration and production company, for $7.6bn. "PDC’s attractive and complementary assets strengthen Chevron’s position in key US production basins. This transaction is accretive to all important financial measures and enhances Chevron’s objective to safely deliver higher returns and lower carbon. We look forward to welcoming PDC’s team and shareholders to Chevron and continuing both companies’ focus on safe and reliable operations," Mike Wirth, Chevron Chairman and CEO.
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