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What will be the primary use of cash from Chevron's asset sale by June 30, 2025?
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Resolution / Starting Odds
Debt reduction • 25%
Share buybacks • 25%
New investments • 25%
Dividends • 25%
Chevron's financial statements and official press releases
Story
Chevron Sells Canadian Oil Sands and Shale Assets to Canadian Natural Resources for $6.5 Billion in Cash
Oct 7, 2024, 09:35 AM
Chevron has agreed to sell its interests in the Athabasca Oil Sands and Duvernay Shale in Alberta to Canadian Natural Resources for US$6.5 billion. The transaction, which will be paid in cash, marks a significant divestment of Chevron's Canadian assets. This deal is seen as a strategic move for both companies, with Canadian Natural Resources expanding its portfolio and Chevron achieving a healthy exit price amid rising oil and gas transaction values.
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Yes • 50%
No • 50%
Debt reduction • 25%
Share buyback • 25%
Copper business investment • 25%
Other • 25%
Increases by more than 5% • 25%
Increases by 0-5% • 25%
Remains the same • 25%
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Renewable energy • 25%
U.S. shale oil • 25%
International deepwater projects • 25%
Other • 25%
Health care expenses • 25%
Property damage repairs • 25%
Relocation costs • 25%
Other • 25%
Debt Prepayment • 25%
Capital Expenditure • 25%
Acquisitions • 25%
Other • 25%
Network expansion • 25%
Debt repayment • 25%
Share buybacks • 25%
Other uses • 25%
Less than $200 billion • 25%
$200 billion - $250 billion • 25%
$250 billion - $300 billion • 25%
More than $300 billion • 25%
Cash • 25%
Cryptocurrency • 25%
Asset liquidation • 25%
Combination of methods • 25%