Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.'s interests in the Athabasca Oil Sands Project and Duvernay shale.Photo by Ben Nelms/Bloomberg files

Canadian Natural Resources buying Chevron’s Alberta assets for US$6.5B

Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.'s interests in the Athabasca Oil Sands Project and Duvernay shale.

· Calgary Herald

CALGARY – Canadian Natural Resources Ltd. has signed a deal to buy Chevron Canada Ltd.’s interests in the Athabasca Oil Sands Project and Duvernay shale for US$6.5 billion.

Canadian Natural Resources buying Chevron’s Alberta assets for US$6.5B Back to video

“These assets are a great fit for Canadian Natural and will allow us to further implement our strong operating culture and drive significant value for shareholders,” Canadian Natural president Scott Stauth said in a statement Monday.