[ TRANSACTION RECORD ]

Chevron Corporation Investment in PDC Energy — 2023

VERIFIED VECTOR ID: 001502 · tx-030
M SOURCE NODE — FUNDER
Chevron Corporation
Energy United States
$6,300,000,000
EQUITY
07/08/2023
Q DESTINATION NODE — RECIPIENT
PDC Energy
Company United States
Amount (USD)
$6.3B
Flow Type
EQUITY
Transaction Date
07/08/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Chevron Corporation
AUM 260000
HQ Location United States
Sector Energy
Recipient Profile [ Q ]
Entity PDC Energy
Entity Type Company
Jurisdiction United States
Intelligence Note

Chevron Corporation completed the acquisition of PDC Energy for 6.3 billion dollars, significantly increasing its production and reserves in the DJ and Permian basins. This transaction consolidates Chevron’s position as a dominant producer in the US domestic energy market. The deal reflects the ongoing trend of strategic M&A within the global energy sector.

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Primary Forensic Source https://www.chevron.com/newsroom/2023/q2/chevron-completes-acquisition-of-pdc-energy/
✓ SOURCE LINKED