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Chevron Announces Agreement to Acquire Anadarko

Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s closing price on April 11th, 2019 and under the terms of the agreement, Anadarko shareholders will receive 0.3869 shares of Chevron and $16.25 in cash for each Anadarko share. The total enterprise value of the transaction is $50 billion. 

Chevron Announces Leadership Changes

Chevron Corporation today named Navin Mahajan vice president and treasurer, effective February 1, 2019.

Chevron Announces Sale of Geothermal Operations

Chevron Corporation announced that its wholly-owned subsidiaries have entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron’s Indonesian and Philippines Geothermal assets.

Regulator ANP Shut In One Production Well

SAN RAMON, Calif., December 1, 2011 – Chevron Brasil Upstream Frade Ltda announced today it has been ordered by Brazil’s National Petroleum Agency (ANP) to shut in one of its 11 production wells and four produced water injection wells at its off-shore Frade joint-venture fFloating pProduction-sStorage and oOffloading (FPSO) facility.

Chevron Now Cementing Deepwater Well in Brazil

Chevron Corporation (NYSE: CVX) today confirms that cementing operations are taking place as part of its well plugging activities on an appraisal well located in the vicinity of the Frade field offshore Brazil.

Statement Regarding Oil Seep In Brazil

Chevron Corporation (NYSE: CVX) today reiterated that its efforts to respond to oil seeps and a subsequent sheen in the vicinity of its Chevron- operated Frade project have been successful.