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Chevron announces agreement to acquire PDC Energy

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

US: Chevron announces agreement to acquire PDC energy

Chevron has entered into a definitive agreement with PDC Energy to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion. The total enterprise value, including debt, of the transaction is $7.6 billion. The acquisition of PDC provides Chevron with high-quality assets expected to deliver higher returns in lower carbon intensity basins in the United States.

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