Home Actualité internationale Mise à jour 2 : Chevron achète PDC Energy dans une transaction de 7,6 milliards de dollars.
Actualité internationale

Mise à jour 2 : Chevron achète PDC Energy dans une transaction de 7,6 milliards de dollars.

Chevron Corp said on Monday it would acquire PDC Energy Inc in an all-stock transaction for $7.6 billion, including debt, adding new drilling inventory to its U.S. oil and gas reserves. The company has been under pressure on Wall Street to show it can keep expanding production after 2027 as its main shale holdings in the Permian Basin of West Texas and New Mexico near their peak output. The PDC Energy deal is the second in three years that bulks up Chevron's shale operations in Colorado and Wyoming.

Chevron Corp. to Acquire PDC Energy Inc. for $7.6 Billion

Chevron Corp. has announced its plans to acquire PDC Energy Inc. in an all-stock transaction worth $7.6 billion, including debt. The acquisition will add new drilling inventory to Chevron’s U.S. oil and gas reserves, which have been under pressure to show expansion after 2027 as its main shale holdings in the Permian Basin near their peak output. This deal is the second in three years that bulks up Chevron’s shale operations in Colorado and Wyoming, making it one of the larger producers in the Denver-Julesburg Basin after its acquisition of Noble Energy in 2020 for $13 billion.

With the acquisition of PDC, Chevron will add 10% to its proved reserves at a projected cost of less than $7 per barrel. The deal is expected to add $1 billion to annual free cash flow for Chevron, which has held $15.7 billion at the end of the first quarter, about triple what it needs for operating activity. The PDC deal values the company at $72 per share, representing a premium of 10.56% to Friday’s close and carries the equity value of $6.3 billion. The deal was unanimously approved by the boards of both companies and is expected to close by the end of the year.

Chevron’s Expansion Plans and Future Outlook

Chevron’s acquisition of PDC Energy Inc. is part of its expansion plans to increase its oil and gas reserves and production. The company has been under pressure to show it can keep expanding production after 2027 as its main shale holdings in the Permian Basin near their peak output. With the acquisition of PDC, Chevron will add new drilling inventory to its U.S. oil and gas reserves, which will help it to maintain its production levels.

Chevron’s future outlook looks positive with the acquisition of PDC Energy Inc. The deal is expected to add $1 billion to annual free cash flow for Chevron, which has held $15.7 billion at the end of the first quarter, about triple what it needs for operating activity. The company has been minting cash from last year’s sky-high crude prices, and the PDC deal is expected to further boost its cash flow. Chevron’s expansion plans and future outlook are expected to attract more investors and boost its stock prices.

Conclusion

Chevron Corp.’s acquisition of PDC Energy Inc. is a strategic move to increase its oil and gas reserves and production. The deal is expected to add $1 billion to annual free cash flow for Chevron and help it to maintain its production levels. Chevron’s expansion plans and future outlook are positive, which is expected to attract more investors and boost its stock prices. The deal is expected to close by the end of the year, and Chevron is expected to continue its expansion plans to increase its oil and gas reserves and production.

Keywords: Chevron, PDC Energy Inc., acquisition, oil and gas reserves, production, expansion plans, future outlook, investors, stock prices.

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