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Canadian Natural Resources Limited completes acquisition of Chevron Canada Limited's Alberta assets and Announces timing of 2025 Budget Release

PUBLIC · CNQDec 06, 2024

Acquiring Company

Canadian Natural Resources Limited

Acquired Company

Chevron

CalgaryHoustonEnergyOil And GasRenewable EnergyManufacturingEnergySustainabilityOil And GasNatural ResourcesSoftwareRenewable Energy

Description

Canadian Natural Resources Limited has successfully completed the acquisition of Chevron Canada Limited's Alberta assets, reinforcing its position in the crude oil and natural gas production sector. The acquisition provides Canadian Natural with increased production capacity and immediate free cash flow, contributing to the company's long-term value creation.

Quick answer

Canadian Natural Resources Limited is acquiring Chevron, announced December 6, 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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Company Information

Company

Canadian Natural Resources Limited

Location

Calgary, Alberta, Canada

About

Canadian Natural Resources Limited is a leading oil and natural gas production company with assets in North America, the North Sea, and Offshore Africa. The company's strong balance sheet and significant and sustainable free cash flow generation enable it to take advantage of growth opportunities and deliver value to its shareholders.

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Frequently asked

Who acquired Chevron?

Chevron was acquired by Canadian Natural Resources Limited, based in Calgary. The deal was reported on December 6, 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 December 6, 2024. Canadian Natural Resources Limited has successfully completed the acquisition of Chevron Canada Limited's Alberta assets, reinforcing its position in the crude oil and natural gas production sector. 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.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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