(Reuters) -Chevron said on Monday it would sell its non-operated interest in the Athabasca Oil Sands project and its operated interest in Duvernay shale, all located in Alberta, Canada, to Canadian Natural Resources for $6.5 billion.
The all-cash transaction, expected to close during the fourth quarter of 2024, is part of the company’s plan to divest $10 billion to $15 billion of assets by 2028.
The assets together contributed 84,000 barrels of oil equivalent per day (boepd) of production to Chevron in 2023.
(Reporting by Seher Dareen in Bengaluru; Editing by Shilpi Majumdar)
