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Home / Deal Tracker / Canadian Natural Resources Acquires Chevron's Canada Assets
Oil and Gas Oil Sands Asset Acquisition Completed

Canadian Natural Resources Acquires Chevron's Canada Assets

Acquirer
Canadian Natural Resources
Target
Chevron Canada Athabasca and Duvernay Assets
2024
Year
🇨🇦 Canada
Country
Asset Acquisition
Deal Type
$X.XB
Deal Value 🔒
Sector
Upstream
Subsector
Oil Sands
Industry
Oil and Gas
Date Added
May 9, 2026
Status
Completed
🔒

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Canadian Natural Resources completed its C$6.5 billion acquisition of Chevron's Canadian assets in October 2024. The deal includes Chevron's 20% interest in the Athabasca Oil Sands Project and 70% operated interest in light oil assets in the Duvernay Shale.