tiprankstipranks
Company Announcements

Canadian Natural Boosts Stake with Chevron Acquisition

Story Highlights
Canadian Natural Boosts Stake with Chevron Acquisition

Canadian Natural (TSE:CNQ) has released an update.

Discover the Best Stocks and Maximize Your Portfolio:

Canadian Natural Resources Limited has successfully acquired Chevron’s Alberta assets, boosting its stake in the Athabasca Oil Sands Project to 90% and gaining a significant interest in Duvernay assets. This acquisition is expected to enhance Canadian Natural’s production capacity and generate immediate free cash flow, supporting long-term shareholder value.

For further insights into TSE:CNQ stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1