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Chevron acquires PDC for US$6.3B

PDC's shareholders receive 0.4638 Chevron shares for each PDC share

Yiying Li
Handshake-2-M-A-deals.jpg

Handshake-2-M-A-deals.jpg

The total enterprise value of the transaction is US$7.6 billion, including net debt, Chevron said in a statement.  It said acquiring PDC would bring Chevron low breakeven production and development...

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