(Reuters) -Chevron said on Monday it would sell its non-operated interest in the Athabasca Oil (OTC:) Sands project and its operated interest in Duvernay shale, all located in Alberta, Canada, to Canadian Natural (NYSE:) 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 (NYSE:) in 2023.
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