05:35 AM EDT, 10/07/2024 (MT Newswires) -- Chevron's ( CVX ) Canadian unit said Monday that it and a related affiliate have signed an agreement with Canadian Natural Resources ( CNQ ) for the sale of their 20% non-operated ownership in the Athabasca Oil Sands project, 70% operated ownership in the Duvernay shale and related interests, in Alberta, for $6.5 billion in cash.

The deal is expected to be completed in Q4, the unit added.

The transaction is part of the energy giant's previously disclosed plans to divest $10 billion to $15 billion of assets by 2028, the unit said.

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