Tag: Chevron
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Chevron proposes $7.6 billion deal to acquire Denver’s PDC Energy
Chevron Corp. Monday offered a stock-and-debt transaction worth $7.6 billion to buy out 100% of Denver-based PDC Energy Inc.’s holdings, according to a news release. The offer would fold PDC’s Colorado, Wyoming and Texas mineral assets into Chevron’s portfolio in exchange for Chevron stock. “PDC’s attractive and complementary assets strengthen Chevron’s position in key U.S. production…