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https://www.wsj.com/articles/chevron-to-buy-pdc-energy-in-6-3-billion-stock-swap-d8835eee

Chevron Doubles Down on Shale With $6.3 Billion Deal

Oil giant acquires PDC Energy, which holds stakes in Texas and Colorado

By Collin Eaton
 and Colin Kellaher
Chevron is aiming to build a bigger foothold in two prolific oil patches in the U.S. Photo: Richard Drew/Associated Press

Chevron deepened its commitment to oil-and-gas drilling in the U.S., spending more than $6 billion to acquire a rival with sizable operations in Texas and Colorado.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.