Oct 7 (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.