Previous Close | 4.2000 |
Open | 4.2000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 77.50 |
Expire Date | 2024-11-15 |
Day's Range | 4.2000 - 4.2000 |
Contract Range | N/A |
Volume | |
Open Interest | 52 |
Chevron has agreed to sell its interest in the Athabasca oil sands project and Duvernay shale in a $6.5 billion deal, it said Monday. Chevron stock rose 1.2% to $152.44 in early trading Monday, while the index was down 0.3%. The move appears strategically consistent with Chevron’s previous intentions to focus upstream capital spending on core growth areas including U.S. shale deposits and the Gulf of Mexico, RBC analyst Biraj Borkhataria said.
(Reuters) -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 sale also gives Chevron more financial power in its fight with Exxon over its $53-billion bid for Hess. Chevron's Canadian assets, located in Alberta, contributed 84,000 barrels of oil equivalent per day (boepd) of production to Chevron in 2023.
Calgary, Alberta--(Newsfile Corp. - October 7, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that, in conjunction with the acquisition of Chevron Canada Limited's ("Chevron") Alberta assets and as a result of Canadian Natural's significant free cash flow, including targeted additional free cash flow generation from the acquired assets and the Company's strong financial position, the Board of Directors have agreed to increase the quarterly cash dividend by 7% to $0.5