Canadian Natural Resources Limited completes acquisition of Chevron's Alberta Assets and announces 7% Dividend Increase
Acquiring Company
Canadian Natural Resources Limited
Acquired Company
Chevron
Calgary
HoustonEnergyOil And GasRenewable EnergyManufacturingEnergySustainabilityOil And GasNatural ResourcesSoftwareRenewable EnergyDescription
Canadian Natural Resources Limited has announced the acquisition of Chevron Canada Limited's 20% interest in the Athabasca Oil Sands Project (AOSP) and its 70% operated working interest of light crude oil and liquids rich assets in the Duvernay play in Alberta. This strategic acquisition adds significant sustainable free cash flow generation and long term shareholder value to Canadian Natural Resources Limited. In addition, the company has also announced a 7% increase in the quarterly dividend, marking the 25th consecutive year of dividend increases.
Quick answer
Canadian Natural Resources Limited is acquiring Chevron, announced October 7, 2024. Canadian Natural Resources Limited is based in Calgary, Alberta, Canada.
- How much did Canadian Natural Resources Limited pay for Chevron?
- The deal value was not disclosed.
- What does Canadian Natural Resources Limited do?
- Canadian Natural Resources Limited is a leading oil and natural gas production company with assets in North America, the North Sea, and Offshore Africa.
- Where are Canadian Natural Resources Limited and Chevron based?
- Canadian Natural Resources Limited is based in Calgary, Alberta, Canada. Chevron is based in Houston, Texas, United States.
- Who are the decision-makers at Canadian Natural Resources Limited?
- Fundz holds 2 contacts at Canadian Natural Resources Limited. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Canadian Natural Resources Limited, and when
When Canadian Natural Resources Limited changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Canadian Natural Resources Limited raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Canadian Natural Resources Limited, from your own LinkedIn network
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Related People
Frequently asked
Who acquired Chevron?
Chevron was acquired by Canadian Natural Resources Limited, based in Calgary. The deal was reported on October 7, 2024. Canadian Natural Resources Limited is a leading oil and natural gas production company with assets in North America, the North Sea, and Offshore Africa. Canadian Natural Resources Limited is publicly traded (CNQ) and operates in Energy.
When did Canadian Natural Resources Limited acquire Chevron?
Canadian Natural Resources Limited's acquisition of Chevron was reported on October 7, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Chevron do?
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. It is publicly traded (CVX), operating in Manufacturing, and is based in Houston.
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