Is This The Supermajor Of The Century? ...Middle East

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Is This The Supermajor Of The Century?
source : OILPRICE ( Middle East ) () 52
On May 22, 2023, Chevron announced that it had entered into a definitive agreement with PDC Energy, Inc. Chevron will acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share. The acquisition is expected to close in the second half of 2023. PDC Energy is an independent oil and natural gas company with operations in the Rocky Mountains and Permian Basin. The company has a strong balance sheet and a history of generating strong cash flow. Chevron is one of the world’s largest integrated…

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