Chevron announces agreement to acquire PDC Energy
Oil and Gas 360 Complementary to Chevron’s operations in important U.S. production basins Adds 10% to oil equivalent proved reserves for under $7 per barrel Accretive to earnings per share and return on capital employed (ROCE) Expected to add $1 billion to annual free cash flow SAN RAMON, Calif. and DENVER, Colo.–(BUSINESS WIRE)–May 22, 2023– Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC