(Reuters) -Chevron ( CVX ) 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 ( CNQ ) 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 ( CVX ) in 2023.